Ah yes, the appeal to authority argument. I can’t have anything valuable to say because I am not an authority.
I am sure running a power grid with thousands of producers and millions of consumers is incredibly complex. Did you know every wind turbine and generator is spinning exactly in sync across the whole grid. I am amazed that it works.
What obviously does not work is the libertarian fantasy of live market pricing for turning generators on and off. What are the chances of rolling blackouts on Monday as oil cracking plants come online to take advantage of free power?
So what do you recommend? Mandatory lights/heaters/AC on/off times, so the power produced is actually used, and the power needed is actually produced?
The british have the problem that during a football game half-time, a bunch of people start their tea kettles at the same time, and there is a relatively huge spike in electricity usage... this means, that the electricity providers have to plan for this and import electricity and/or shut down other cunsumers for those 15 minutes. Now imagine an unplanned half-time, without the time to prepare, and a magnitude higher changes, that happen suddenly (eg, three/ice brings down cables)... there's no way to predict everything and deal with every problem.
What variable pricing does is, that it gives incentive to consumers to use electricity when it's cheaper and not use it when it's more expensive. For homes that means washing clothes in the evenings and on sundays (cheper electricity here then) and not during peak usage hours, and for industry that means shutting down the highest consumers when there is not enough power available, and having them use up extra power when needed.
The British have a plan for this and many other things on the National Grid.
For decades they have used pumped hydro to manage this. Paired with a TV in the control room showing Eastenders or the football as appropriate.
That's why the UK has external sources - both inteconnects with other grids, and stored power - that can be brought up in seconds.
My understanding is Texas doesn't even have connections to other grids?
Historically the UK had "economy 7" usage, where domestic electricity was cheaper at night. It's not convenient, it stems back from the end of the socialist era of the 70s where individuals took a backseat to the good of society. Most users only use it to boil a hot-water tank and 'night storage' heaters.
It's a shoddy solution for a problem that shouldn't exist in an advanced economy.
Texas has DC ties to other grids, much like the UK does. The UK also has its own independent grid that isn't synchronized with anyone else, much like Texas (though smaller-scale because UK industry is basically dead and we generally use gas for heating).
I am sure running a power grid with thousands of producers and millions of consumers is incredibly complex. Did you know every wind turbine and generator is spinning exactly in sync across the whole grid. I am amazed that it works.
What obviously does not work is the libertarian fantasy of live market pricing for turning generators on and off. What are the chances of rolling blackouts on Monday as oil cracking plants come online to take advantage of free power?