![]() ![]() But H2 electrolyzers need to run longer, so what is powering the "green" H2 production? Mostly likely fossil fuel. In this model as long as one electron is injected into the gird one h2 molecule can be produced as long as this happens in the same calendar year. An example below is 3,600 MW of solar generating from sunrise to sunset and only matches the h2 production 44% of the time. This definition of 100% has no hourly match requirements (currently being proposed). Below are all ways to meet a 100% annual matching standard for Green H2 production. The details around "going green" need the same attention. We have all heard the devil is in the details. Just say it clearly so that consumers at least know what they are getting for the added limitless costs and investors can appropriately price in the billions of annual added revenue.ĭoes anyone in Texas government remotely understand the concept of a conflict of interest, or even care? Does E3 or the purveyors of this farcical analysis have no shame? Does E3 realize they are advocating for unlimited cost increases on consumers based on a reliability metric (LOLE) that they have admitted is inappropriate and outdated? This is a bailout, pure and simple, that disproportionately benefits 4 companies that own ~70% of the current thermal generating fleet. Is it odd that the PUCT would be using taxpayer dollars and paying E3 to create materials that are fundamentally different from what they showed the public so that they can push ERCOT to lobby the legislature to push for their plan? Is the PUCT a regulator, or an advocate for specific plans that are backed by market participants and the companies who exercise total market power? Is the CEO of ERCOT the head of an independent non-political market body, or a political puppet? THAT HAS NOT HAPPENED YET! But ERCOT is using this chart to tell legislators that blackouts are imminent if they don’t approve their plan. But without explaining that this assumes massive volumes of plants will retire! 11 GW or more based on their previous work. So now E3 issues a chart without any context showing that the current market construct (energy-only) will have a blackout at least every year (LOLE >1) which is scary as F to legislators. Which is why the market monitor said explicitly over and over that it is not necessary. And by default made the PCM look unnecessary. This made E3 look sort of stupid and clueless when they explained it in public hearings. This graphic is the key.Į3’s formal public market design report issued in November 2022 showed that without retirements, the LOLE is in fact well below 0.1 (0.03 to be precise, meaning an electricity supply-side outage every 30 YEARS). An education in how to manipulate an entire legislature and populace by a small group of powerful companies. How do you use millions in lobbying dollars to get what you want? We are witnessing the most effective event of regulatory capture in American history. ![]()
0 Comments
Leave a Reply. |