Our precarious electric grid with Meredith Angwin
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On this week’s Power Hour Alex Epstein interviews Meredith Angwin, author of Shorting the Grid, on the precariousness of today’s electric grid. - Why the so-called competition of today’s electric grid is a myth. - The strengths and weaknesses of the old regulated monopoly system. - Why “deregulation” increased costs and regulation. - How today’s pseudo-competitive RTO (Regional Transmission Organization) works. - How today’s RTO system devalues reliability. - How New England’s inability during a cold snap to provide electricity without using massive amounts of oil (and some Russian gas) is a sign of things to come. - What policies can improve the system. - What the average person (ratepayer) can do to make a difference.
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