Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Extreme Heat Is Testing US Power Grids and Energy Markets
As an extreme heat wave threatens the US power grid just before July Fourth, Lucas and Luna dig into the data behind electricity supply, demand, and pricing. WTI crude sits around $69, natural gas is up, and the divergence between fossil fuel and renewable energy stocks continues. But the heat event creates a unique stress test for grid operators from Texas to California. Lucas explains how rolling blackouts in 2020 and 2021 reshaped utility planning, and why the current heat dome is different because of higher renewable penetration. They also look at how natural gas prices—up 2% in five…
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