“The U.S. electrical system is becoming less dependable. The problem is likely to get worse before it gets better.” – The Wall Street Journal, February 18, 2022. I can take down another one of my seven predictions for 2022. Some numbers from the WSJ: in 2000, there were fewer than two dozen major disruptions. In 2020 there were more than 180. Customers experienced over eight hours of disruption (on average) in 2020, more than double the number in 2013 when the government began tracking this metric. The Journal reports several reasons for the rickety grid. The Markets’ Disincentives for Reliability…
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