A quarter of Americans (!!) may face blackouts during bouts of extreme cold this winter as coal and natural gas supplies tighten, according to a US regulator 🇺🇸⚠️
⚡️ Grids from New England to Texas could see supply shortages
🛢️ Fuel supplies are strained
A European-style winter energy crunch is looming over New England in the north-east US 🇺🇸
New England is paying sky-high prices to import LNG and avoid a shortfall
LNG spot prices are about four-times higher than domestic US gas rates
https://www.ft.com/content/f9374ff4-3bfd-4b5e-8542-58c3db81514b
And even if they can get their hands on the (expensive) stuff, gas delivery for home heating uses the exact same pipelines as gas delivery to power plants, so there's multiple ways NE-ISO power customers can get screwed.
Stephen Stapczynski
David Fishman