Wonder if they asked bitcoin farms to turn off.<p><a href="https://www.cnbc.com/2022/04/26/fort-worth-tx-the-first-city-in-the-us-to-mine-bitcoin.html" rel="nofollow">https://www.cnbc.com/2022/04/26/fort-worth-tx-the-first-city...</a><p><a href="https://fortune.com/2022/02/10/texas-world-capital-bitcoin-mining-companies/" rel="nofollow">https://fortune.com/2022/02/10/texas-world-capital-bitcoin-m...</a>
Power supply issues like this are why I am very skeptical of our whole planet going electric (vehicles and everything else). Perhaps in places like Norway where power is plentiful due to hydroelectric plants [1], electric vehicles make sense.<p>[1] Even though Norway has plentiful power at the moment, this is a limited resource - melting glaciers provide the flow. Once the glaciers are gone, Norway will need another power production method to keep up. I think they have a while until the glaciers are gone, but we seem to be chronically underestimating the rate of the planet's ice melting.
This article calls it "historic" but that's just because it's not peak heat season. This temperature isn't unusual for July or August. So yeah, there's a problem here, and it's not the heat.
Did they ever get global PVC production back up to scale after the last Texas grid collapse? I wonder how the Texas grid screw up will impact the global economy this time.<p>Mid-90's aren't even hot for Texas, so this looks like a short term capacity planning issue. This was certainly avoidable.<p>However, Texas structured the energy market so that there aren't any strong incentives to keep the grid online. Instead, producers make a killing by price gouging during these events.