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Ways of Price Making, Inflation, and Energy Price Shocks

Legal Planet

Energy prices have been much in the news over the past several months, occupying a prominent place in mainstream discussions of inflation. How then do we explain what is currently happening with energy prices? In the early days of the current price shocks, fossil fuel boosters blamed clean energy and climate policy.

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Testimony before the United States House of Representatives Committee on Energy and Commerce 2021 Texas Grid Failure

Environmental Progress

During the four days of emergency operations during the cold snap, from early February 15th to midnight February 18th, output levels of nuclear, natural gas, coal, and wind to the grid were 79.3 ERCOT also expected, during peak demand events in winter, to have power from wind represent about 27% of installed wind capacity.

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Nuclear Plant Closures And Renewables Increase Electricity Prices & Unreliability, Testifies Michael Shellenberger to U.S. Senate

Environmental Progress

4] Meanwhile, many experts see in recent trends an inevitable transition away from coal and nuclear power plants, designed to function as baseload capacity, toward variable renewable energy sources with just-in-time natural gas back-up. 7] Nuclear plants are among the most reliable components of America’s power grids.

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In the Race for Clean Energy, the United States is Both a Leader and a Laggard—Here’s How

Union of Concerned Scientists

In terms of raw numbers, the United States is the world’s second-leading generator of electricity from solar energy, with China the global leader by far. Wind power offers a similar story, having more than doubled its share of the world’s electricity from 3.5 percent in 2015 to nearly 8 percent in 2023. degrees Celsius (2.7-degrees