Extreme Winter Storm Wreaks Havoc on Grid, Energy Markets
Nearly 5 million electricity customers across the United States lost power over the weekend as extreme weather, including frigid temperatures and ice storms, drove up demand and shut down electricity generation.
The widespread outages underscore the vulnerability of the power grid to extreme weather events made more frequent, powerful, and unpredictable by climate change. "I cannot recall an extreme weather event that impacted such a large swath of the nation in this manner — the situation is critical," Neil Chatterjee, a member of the U.S. Federal Energy Regulatory Commission, told Bloomberg.
The outages are most dire in Texas, where nearly 4 million customers were still without power Tuesday morning. The state's grid operator said 34 gigawatts, as much as 40% of its generation capacity, was forced offline, sending electricity prices skyrocketing to the legal limit of $9,000 per megawatt-hour and forcing the implementation of rolling blackouts.
The lost generation capacity was driven in large part by the 27 gigawatts of coal-, gas-, and nuclear-generated electricity forced offline by the cold and ice. Wind generation exceeded the Texas grid operator's daily forecast through the weekend. The storms wreaked havoc on U.S. methane gas markets, as physical delivery gas prices in Oklahoma smashed previous records. More than 3 million barrels of daily oil-processing capacity also shut down Monday as the largest refineries in North America were forced to halt operations because of the cold.
For a deeper dive:
Bloomberg, Bloomberg, The New York Times, AP; Generating sources' performance during storm: Bloomberg, TechCruch; Oklahoma gas prices: Financial Post; Refineries: Bloomberg; Climate change links: The Washington Post, The Washington Post, The Weather Channel, Texas Climate News; Climate Signals background: Winter storm risk increase
- How Global Warming Can Cause Europe's Harsh Winter Weather ... ›
- Texas Grid Operator Overcharged Power Companies $16 Billion During Winter Storm - EcoWatch ›
France moved one step closer this weekend to banning short-haul flights in an attempt to fight the climate crisis.
- Could a Tax on International Travel Fund a Country's Response to ... ›
- Most People in the UK Back Limits on Flying to Tackle Climate Crisis ... ›
- To Fly or Not to Fly? The Environmental Cost of Air Travel - EcoWatch ›
Four gray whales have washed up dead near San Francisco within nine days, and at least one cause of death has been attributed to a ship strike.
- Drones Capture Stunning Footage of Humpback and Gray Whales ... ›
- Ninth Gray Whale in Two Months Washes Up Dead in Bay Area ... ›
- As Extreme Weather Events Increase, What Are the Risks to Wildlife? ›
- 'Existential Threat to Our Survival': See the 19 Australian ... ›
- Cyclone Harold Batters Fiji, Tonga Could Be Next - EcoWatch ›
- 2 Killed, Thousands Evacuated as Cyclone Yesa Slams Fiji ... ›
By Rishika Pardikar
Search operations are still underway to find those declared missing following the Uttarakhand disaster on 7 February 2021.
Biden Refuses to Shut Down Dakota Access Pipeline, Despite Campaign Pledges on Tribal Relations and Climate
By Jessica Corbett
Indigenous leaders and climate campaigners on Friday blasted President Joe Biden's refusal to shut down the Dakota Access Pipeline during a court-ordered environmental review, which critics framed as a betrayal of his campaign promises to improve tribal relations and transition the country to clean energy.
- After Court Rules Dakota Access Pipeline Operating Illegally, Dems ... ›
- Environmentalists Applaud Biden Selections of Granholm, McCarthy ... ›
- Biden Urged to 'Honor Indigenous Sovereignty and Immediately Halt ... ›