During the blast of fridge weather that hit a large portion of the country in early February 2022, the Texas power grid showed a resiliency that was lacking during Winter Storm Uri the previous year, which saw 200 people die, massive power outages and some $18 billion in insured losses.
“Compared to last year, I would say the Texas grid has done a good job. There weren’t many outages,” says Patrick Hauser, head of energy, North America, for Swiss Re Corporate Solutions. “One difference is the temperatures didn’t drop to the same levels as seen last year and peak demand didn’t reach the same level.”
Patrick Hauser, head of energy, North America, for Swiss Re Corporate Solutions. (Credit: Swiss Re)
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