Why the Rules Matter
The Big Switch
00:00
The Diregulated Market Isn't Enough to Provide Cheaper Power
The market does not care if these are low income consumers on the grid. It just wants to make profit, and it's driven by money. Texas chose rules that didn't require utilities to weather eyes for this kind of extreme scenario in the winter. We know that climate change will make extreme events more frequent. So what will regulators do to make sure that we're prepared for the next round of stormswhen i go to washington, d c, for conferences, i take a very heavy coat.
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