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- W3161926318 abstract "We deliver the first analysis of the 2021 cold spell in Texas which combines temperature dependent load estimates with temperature dependent estimates of power plant outages to understand the frequency of loss of load events, using a 71 year long time series of climate data. The expected avoided loss from full winterization is 11.74bn$ over a 30 years investment period. We find that large-scale winterization, in particular of gas infrastructure and gas power plants, would be profitable, as related costs for winterization are substantially lower. At the same moment, the necessary investments involve risk due to the low-frequency of events – the 2021 event was the largest and we observe only 8 other similar ones in the set of 71 simulated years. Regulatory measures may therefore be necessary to enforce winterization." @default.
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- W3161926318 date "2021-04-27" @default.
- W3161926318 modified "2023-09-27" @default.
- W3161926318 title "Winterization of Texan power system infrastructure is profitable but risky" @default.
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- W3161926318 doi "https://doi.org/10.31224/osf.io/5xa2f" @default.
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