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Predicting the Future of Texas’s Grid Is a Texas-Sized Challenge

The differences between the state’s power system in 2008 and now reveal how difficult it is to anticipate the future of energy. 

A power plant in Palo Pinto, Texas.
A power plant in Palo Pinto, Texas.Photographer: Thomas Ryan Allison/Bloomberg

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A little more than a year after a paralyzing winter freeze, the Texas power market just experienced the stress of extreme heat. Last week, power prices in Houston briefly jumped above $5,000 per megawatt-hour as high temperatures coincided with a number of generators being offline for maintenance.