Robert Besser
24 Jan 2023, 06:29 GMT+10
DALLAS, Texas: The Dallas Federal Reserve has announced that despite the adoption of safeguards after a deadly February 2021 cold snap that brought widespread power outages, the Texas electrical grid is still vulnerable to severe weather.
It also called for better standards and more incentives to increase the generation of thermal power, as well as more support for the state's enhanced demand-response programs.
Garrett Golding, a senior business economist at the Dallas Federal Reserve Bank, said that the moves "would help ensure the power grid stands up to future demand growth and the challenges of extreme weather," as quoted by Reuters.
Last month, the state's grid, operated by the Electric Reliability Council of Texas and managed by the Public Utility Commission of Texas, avoided blackouts during severe cold weather.
ERCOT and the Texas PUC representatives said that the performance during the winter storm showed that grid reforms have been successful.
In an email, ERCOT said, "The reforms implemented are working, and as a result, the reliability and resiliency of the grid is stronger than ever before."
The grid currently needs more on-demand power generation to meet growing demand from the second largest state in the country, Texas PUC spokesperson Ellie Breed said, adding that the commission will vote this week on increasing power generation.
However, the December storm sent warning signals about the work that is still required, according to Golding's note.
"The cold snap last month demonstrated that progress has been made, but it also exposed the remaining vulnerabilities as electricity demand increases and extreme weather becomes more common," Golding wrote.
Get a daily dose of Japan Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Japan Herald.
More InformationMACAU CITY, Macau: Over the Lunar New Year holiday, Macau, the world's largest gambling hub, witnessed a resurgence of tourists ...
SINGAPORE: In December, Singapore saw its key consumer price gauge rise 5.1 percent, higher than predicted, official data said. However, ...
TOKYO, Japan: Japanese Prime minister Fumio Kishida said this week that it was "now or never" for Japan, one of ...
BANGKOK, Thailand: Following China's reopening and the end of its strict COVID-19 restrictions, businesses on Thailand's holiday island of Phuket ...
SEOUL, South Korea: Korea Customs Service data released this week showed that South Korean exports for the first 20 days ...
TOKYO, Japan: The Yomiuri newspaper has reported that Japanese Prime Minister Fumio Kishida is planning to visit Kyiv in February ...
SINGAPORE: In December, Singapore saw its key consumer price gauge rise 5.1 percent, higher than predicted, official data said. However, ...
RESTON, Virginia: Amidst labor and supply shortages, US defense contractor General Dynamics forecasted weak 2023 results, though strong demand for ...
ATLANTA, Georgia: In light of its significant debt, the slowing economy and rising interest rates stifling consumer demand, US mattress-maker ...
BENTONVILLE, Arkansas: To attract and retain employees in a tight domestic labor market, Walmart has announced that it it will ...
NEW YORK, New York - U.S. stocks hesitatingly continued higher Friday, reflecting widespread gains, albeit modest ones, across the globe."We're ...
NEW YORK CITY, New York: As early as this year, lab-grown meat could be served in some restaurants in the ...