Source - The colors of the grids represent CO2 emissions
The title is a reference to the 2021 Texas power crisis
this post was submitted on 19 Jul 2024
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I'm not sure how it works in Europe, but power grids being privatized is a big issue in USA. It's essentially a monopoly where one company owns and operates the grids in one or a few states. There's no incentive to maintain the grid because there's no competition and they receive government funding whenever a crisis like this occurs. It's cheaper to just eat the fines than it is to buy electricity from neighboring states.
I think competition is not part of problem here. Privatization is.