Joe Oliver: Why devastating Texas power outages are unlikely in Ontario
A massive power outage in Texas during winter storm Uri produced state-wide shock and outrage. The electricity operator shut down more than a third of the grid, leaving up to four million people without power, with 30 deaths and economic damage estimated at US$18 billion. Bitter cold hiked demand for electricity and slashed the output of gas, wind and other generators that failed in the deep freeze. As a result, rolling blackouts were implemented to balance supply and demand and prevent a collapse of the entire system. Responsibility for managing the generation and transmission of electricity to two-thirds of the United States and Canada falls to nine market and system operators, including the Electric Reliability Council of Texas (ERCOT) and Ontario’s Independent Electricity System Operator (IESO), a provincial agency whose board I chair. Critics, including defensive politicians, have blamed ERCOT and the industry for a lack of preparedness and issued dire warnings to other grid operators in North America to expect more episodes of extreme weather. We apologize, but this video has failed to load.
tap here to see other …
More on: financialpost.com