The Texas Power Market Crisis

Winter hit with a vengeance in Texas during the week of February 15 significantly impacting electricity production in the state. Extreme cold temperatures in the region affected the entire electric grid leading to massive rolling blackouts. Customers suffered as blackouts persisted, pipes began to burst in homes and power costs spiked for those who could get it and had variable contracts.

Who is to blame?

The Electric Reliability Council of Texas (ERCOT) is in charge of overseeing the electricity grid in the state with a goal of insuring that there is sufficient power generation and transmission assets to operate efficiently and without disruption under various forecasted scenarios. In this instance …

Asset Manager

Aegon Asset Management

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