Tuesday, September 6, 2022

Our power grid is in shambles, and the Federal Energy Regulatory Commission is asleep at the wheel

Our confused and halting response to climate change is already exposing Americans to new and potentially devastating risks during periods of extreme heat and cold.

  • This isn't the fault of record temperatures or increases in extreme weather, but rather the ill-considered way our attempts to cut greenhouse gas emissions in the power sector have weakened the electric grid.
  • Our ability to consistently meet changing demand has been weakened as intermittent sources like wind and solar have steadily displaced ultra-stable sources like nuclear and coal.
  • Increasing use of intermittent energy generation makes the grid less resilient in times of stress.

The Decline of Stable Baseload Power

  • The steady and consistent baseload power generation necessary for an affordable and reliable grid is also being replaced with intermittent sources of power like solar and wind.
  • Under the current regulatory model, much of the country’s electricity generation and transmission is managed by regional transmission coordinators-known as Regional Transmission Organizations (RTOs) and Independent System Operators (ISOs)-that hold day-ahead, hourly, and real-time auctions to determine what power plants can most cheaply meet demand.

The Emerging Reliability Crisis

  • Our grid is vulnerable to what Meredith Angwin calls the “fatal trifecta” of overreliance on weather-dependent solar and wind, just-in-time natural-gas backstops, and imports of electricity from neighboring states
  • Texas has become a leader in wind generation because of generous federal taxpayer subsidies, driving more conventional generation out
  • In 2003, Texas generated electricity mainly with a mix of coal, nuclear, and natural gas, but now gets 20% of its power from wind and 28 GW of wind capacity
  • The prescription for this is to have more wind and solar, and when that makes things even worse, we’ll presumably be told we need an even higher dose
  • Blaming climate change for blackouts is regulatory Munchausen by proxy

The Hard Work of Getting Back on the Right Path

  • An affordable and reliable grid will require policy solutions that incentivize both of those goals
  • The Nuclear Regulatory Commission has approved few new reactors and even fewer plants since its inception in 1975
  • This 50-year hiatus in nuclear development means that the U.S. is lacking in valuable expertise and experience that would make new nuclear construction quickly achievable
  • Regulatory apparatus is not well-suited to accommodate new development, and regulations will need to be reduced if there is to be any hope of building smaller units
  • Further increasing our use of natural gas would also help keep carbon emissions low

https://www.theamericanconservative.com/ferc-gaslights-america/ 

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