ERCOT Reliability: Systematic Unpreparedness | McCullough Research | Energy Central

ERCOT Reliability: Systematic Unpreparedness | McCullough Research | Energy Central: "The mission-critical arena of winter season reliability is too societally important to be governed by Adam Smith's "invisible hand" of the market, and an artificially constructed and imperfect marketplace at that" "The economic theory implemented by the Texas Public Utilities Commission assumes that skyrocketing prices during system emergencies will create incentives to