Research Library

Experts in energy and economics explore how Texas can improve the reliability of electricity service in ERCOT, the state’s grid operator.

The Texas power grid is infamously disconnected from the rest of the U.S. Its status as an “energy island” can bring both advantages and disadvantages. Two years ago, Winter Storm Uri knocked out power across Texas for days and exposed major reliability concerns. Here, we discuss changes made in the two years since Winter Storm Uri. Is the Texas grid “fixed?”

The short days and winter storms of January have kept drivers off the roads—lowering the demand for gas and increasing the available supply. Yet, oil prices are still rising as the Russia-Ukraine war continues to disrupt global energy markets. We discuss the latest market trends and developments in global energy markets— including the European Union embargo on Russian oil exports and the price caps that G-7 nations are preparing to set on Russian diesel, kerosene and oil.