“There are three kinds of lies: Lies, Damned Lies, and Statistics”--Mark Twain, claiming to quote Benjamin Disraeli.
The report referenced in the link above uses the spike in energy prices during Winter Storm Uri in 2021 to make the argument that "average energy prices from 2021-2023 [were] significantly higher than other states." The report does not do a year by year comparison over the three years, because that would show a dramatic decline in the average price $/MWh. A response to the report could easily be that prices in 2024 were only 18% of prices in 2021 a dramatic decline of over 80% in three years.
Pick your point, then plot your data to fit it. Or, if you torture the data long enough, they will tell you anything.
The Secretary is absolutely right that every second supply must equal demand. But batteries are just another form of supply, and are often treated as if they were in fact generation, which they are not. And the electricity stored in them has a cost.
Wright's source may have been this Texas Public Policy Foundation piece that amplified a Bill Peacock analysis. https://www.texaspolicyresearch.com/new-research-shows-texas-has-the-highest-electricity-costs-in-the-nation/
Here's what I said about it at the time.
“There are three kinds of lies: Lies, Damned Lies, and Statistics”--Mark Twain, claiming to quote Benjamin Disraeli.
The report referenced in the link above uses the spike in energy prices during Winter Storm Uri in 2021 to make the argument that "average energy prices from 2021-2023 [were] significantly higher than other states." The report does not do a year by year comparison over the three years, because that would show a dramatic decline in the average price $/MWh. A response to the report could easily be that prices in 2024 were only 18% of prices in 2021 a dramatic decline of over 80% in three years.
Pick your point, then plot your data to fit it. Or, if you torture the data long enough, they will tell you anything.
The Secretary is absolutely right that every second supply must equal demand. But batteries are just another form of supply, and are often treated as if they were in fact generation, which they are not. And the electricity stored in them has a cost.
Have you compared the ERCOT forward prices today to those from 2019? Close to double…