Preliminary Analysis of the 2·15 Power Outage in Texas, U.S. and Its Enlightenment to the Construction of China's Electricity Market

From February 15 to 19, 2021, a rotating outage due to load-shed occurred in the power grid of Texas in the United States, causing widespread global concern. In this paper, an overview of the power grid and electricity market in Texas was introduced firstly. Then, this paper sorted out the occurrenc...

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Main Authors: Zeyang LIU, Zhaoxia JING
Format: Article
Language:English
Published: Editorial Department of Power Generation Technology 2021-02-01
Series:发电技术
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Online Access:https://www.pgtjournal.com/EN/10.12096/j.2096-4528.pgt.21016
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author Zeyang LIU
Zhaoxia JING
author_facet Zeyang LIU
Zhaoxia JING
author_sort Zeyang LIU
collection DOAJ
description From February 15 to 19, 2021, a rotating outage due to load-shed occurred in the power grid of Texas in the United States, causing widespread global concern. In this paper, an overview of the power grid and electricity market in Texas was introduced firstly. Then, this paper sorted out the occurrence and development process of the accident with time as the main line, and paid attention to the operation status of the electricity market during the accident period. Moreover, the causes of the three major problems such as imbalance between supply and demand, high electricity price, and financial crisis in the accident were analyzed. Finally, this paper summarized the experience and lessons of power outages, and put forward relevant enlightenments to the construction of China's electricity market.
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series 发电技术
spelling doaj-art-63613f3d5a9646319b66e9c38716df8b2024-11-09T02:30:34ZengEditorial Department of Power Generation Technology发电技术2096-45282021-02-0142113113910.12096/j.2096-4528.pgt.21016fdjs-42-1-131Preliminary Analysis of the 2·15 Power Outage in Texas, U.S. and Its Enlightenment to the Construction of China's Electricity MarketZeyang LIU0Zhaoxia JING1School of Electric Power Engineering, South China University of Technology, Guangzhou 510640, Guangdong Province, ChinaSchool of Electric Power Engineering, South China University of Technology, Guangzhou 510640, Guangdong Province, ChinaFrom February 15 to 19, 2021, a rotating outage due to load-shed occurred in the power grid of Texas in the United States, causing widespread global concern. In this paper, an overview of the power grid and electricity market in Texas was introduced firstly. Then, this paper sorted out the occurrence and development process of the accident with time as the main line, and paid attention to the operation status of the electricity market during the accident period. Moreover, the causes of the three major problems such as imbalance between supply and demand, high electricity price, and financial crisis in the accident were analyzed. Finally, this paper summarized the experience and lessons of power outages, and put forward relevant enlightenments to the construction of China's electricity market.https://www.pgtjournal.com/EN/10.12096/j.2096-4528.pgt.21016u.s. power outageload-shedelectricity marketscarcity pricing
spellingShingle Zeyang LIU
Zhaoxia JING
Preliminary Analysis of the 2·15 Power Outage in Texas, U.S. and Its Enlightenment to the Construction of China's Electricity Market
发电技术
u.s. power outage
load-shed
electricity market
scarcity pricing
title Preliminary Analysis of the 2·15 Power Outage in Texas, U.S. and Its Enlightenment to the Construction of China's Electricity Market
title_full Preliminary Analysis of the 2·15 Power Outage in Texas, U.S. and Its Enlightenment to the Construction of China's Electricity Market
title_fullStr Preliminary Analysis of the 2·15 Power Outage in Texas, U.S. and Its Enlightenment to the Construction of China's Electricity Market
title_full_unstemmed Preliminary Analysis of the 2·15 Power Outage in Texas, U.S. and Its Enlightenment to the Construction of China's Electricity Market
title_short Preliminary Analysis of the 2·15 Power Outage in Texas, U.S. and Its Enlightenment to the Construction of China's Electricity Market
title_sort preliminary analysis of the 2·15 power outage in texas u s and its enlightenment to the construction of china s electricity market
topic u.s. power outage
load-shed
electricity market
scarcity pricing
url https://www.pgtjournal.com/EN/10.12096/j.2096-4528.pgt.21016
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