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Ercot’s Extremes: Weather, Solar and Bitcoin
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Urkot, Texas: A Unique Power Market
For about two months now, Texas has had temperatures that are above 100 during the day. The combination of a sustained period of heat and that has then led to record power demand means that Urkot has really been getting put to the test over the course of this summer. It's quite people sometimes describe it as a casino because if that day where prices explode doesn't come, then those plants don't make enough money. And ultimately the cost is passed on to consumers via the competitive retailers.
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