
1322: Dark Fate
Shorting the Grid, Meredith Angwin and Energy Market Mechanics
Meredith Angwin's book, "Shorting the Grid," is used to explain the fragility of the American electric system and the "Enron-style" chicanery involved in energy trading. During the Texas freeze, the price per megawatt-hour surged from a typical $25 to the regulatory cap of $9,000. ERCOT is described as an air traffic controller for energy that manages a market where participants have little financial incentive to maintain on-site fuel reserves for rare weather events.


