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Ways of Price Making, Inflation, and Energy Price Shocks

Legal Planet

This post was originally published on the Law and Political Economy blog as part of a symposium on inflation. In fact, it is abundantly clear that this is a fossil fuel energy crisis and, primarily, a natural gas crisis that is mainly affecting Europe. But these prices are still way below their highs in 1979-80 and 2007-08.

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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.