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 Nepal National 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 Nepal National.
More InformationNEW YORK, New York - U.S. stocks spent most of Tuesday meandering, with the major indices closing out the day ...
DEARBORN, Michigan: This week, Ford said a six-week United Auto Workers (UAW) strike cut its sales by some 100,000 vehicles ...
WASHINGTON D.C.: This week, the Biden administration adopted a new rule aimed at reducing methane emissions, which targets the role ...
AUSTIN, Texas: During an event held this week in Austin, Texas, Tesla CEO Elon Musk said the electric vehicle (EV) ...
NEW YORK, New York - U.S. stocks closed mixed on Monday following on from last week's volatility."Digestion is the word ...
REDMOND, Washington: Microsoft President Brad Smith said there is no chance of super-intelligent artificial intelligence (AI) being developed within the ...
KATHMANDU, Nepal - On November 23, Kathmandu hosted the first Nepal-Australia Joint Advisory Committee (JAC) meeting under a new Memorandum ...
ISLAMABAD, Pakistan - A senior Biden Administration official dealing with refugee issues will begin a four-day visit to Islamabad on ...
PABNA, Bangladesh - According to police, the person responsible for the train arson at Ishwardi railway station on November 27 ...
ABU DHABI, UAE - Nepal, according to Prime Minister Pushpa Kamal Dahal 'Prachanda,' requires a significant investment in infrastructure, human ...
KUALA LUMPUR, Malaysia - According to Malaysia's foreign ministry, 121 people, mostly Malaysians suspected of being victims of job scams, ...
QUETTA, Pakistan - Asif Ali Zardari, Co-Chairman of the Pakistan Peoples Party (PPP), stated on Thursday that 'some forces' impede ...