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Navigating Energy Pricing in Crisis
This chapter examines the intricacies of energy pricing during extreme weather events, focusing on how fixed-price contracts offered protection to Texans from price spikes. The discussion encompasses the effects of outages on demand and pricing, the challenges of risk assessment, and the complexities of capacity markets across various regions. It also contemplates the interplay between political ideologies and the evolving energy landscape amidst growing public concern for system reliability.