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	Podcast:		The Indicator from Planet Money
	Episode:		Texas' new power grid problem
	Category:		Business
	Duration:		00:08:46
	Publish Date:		2023-11-27 22:11:23
	Description:		In 2021, a huge winter storm hit Texas. It caused a days-long blackout that resulted in hundreds of deaths. The Texas grid operator adopted a new policy to guard against another blackout: it would incentivize plants to keep power in reserve. The problem is: that may have caused major price spikes. Today, we make sense of the reserve policy, increased electricity prices, and the future of Texas' unique energy market. Related Episodes: ESG bans cost Texas (Apple Podcasts / Spotify) For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
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