. Between February 14 and February 19, hourly wholesale prices at the ERCOT North trading hub exceeded $6,000 per megawatthour 70% of the time. For the month of February, the Texas wholesale electricity price averaged $1,485/MWh.throughout the United States, which led to increased electricity prices at other wholesale markets besides Texas.
The cost of natural gas is a significant driver of electricity prices because it often acts as the marginal fuel of generating units that operators
In this case. Solar and wind would not have brought the price down. This is how things go in an unregulated market. Such as the one in Texas during this event.
I wanted to know if more renewable energy systems would have made energy prices lower.
The link to the “frozen wind turbines” was a 300 page energy report. Not helpful.
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