RE: Interesting. Abbott re-election for November may have played against btc mining as he couldn’t affor20 Sep 2022 12:52
How likely do you think that you’re going to see big blackouts during weather crises?
Well, I’ll give you maybe an answer you weren’t expecting. Through the end of the year, we are not going to see a blackout. We are running our grid right now in a very expensive way in order to prevent blackouts. And I think that has everything to do with the politics of Texas. We have a gubernatorial election coming up in November. The incumbent, Greg Abbott, absolutely does not want another blackout. So through the end of the year, a 100 percent no blackouts. I can almost guarantee that.
What happens next year, the legislature comes to town, new laws, new rules, and then it’s anyone’s guess. If there’s no political price to be paid for the increasingly high power prices that we’re facing, then it’s not clear to me whether the tough decisions will be implemented in the Texas Capitol. At that point, we probably will see more blackouts and more problems down the line. That’s frightening.
No blackouts and we are running our grid in a very expensive way.
I think we can safely say no ppa till 2023