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Bullboard - Stock Discussion Forum Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > ERCOT Asks Texans To Conserve Energy To Avoid Blackouts
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Post by Carjack on Jun 20, 2023 4:46pm

ERCOT Asks Texans To Conserve Energy To Avoid Blackouts

The Electric Reliability Council of Texas (ERCOT) is asking residents to take voluntary energy conservation measures to stave off more blackouts amid the current heatwave.

In a notice to Texas residents on Tuesday, ERCOT asked consumers to curb electricity use between the hours of 4pm and 8pm—peak demand time. The conservation request is being made to prevent blackouts as the temperatures hover near 100 and are expected to stay there for some time.

As a result of the heat, the Texas grid is straining under the weight of heavy demand, along with lower-than-normal wind energy output and the daily intermittency of solar power. On Monday, Texas shattered its June 2022 electricity demand record of 76,718 MW—burning through 79,304 MW so far this month. Today alone, electricity demand in Texas could reach 81,000 MW—a figure which would also break the current daily summertime record.

“ERCOT is requesting all government agencies (including city and county offices) to implement all programs to reduce energy use at their facilities,” ERCOT’s press release said.

“ERCOT is using additional tools to manage the grid reliably, including using reserve power, calling upon reductions by large electric customers that have volunteered to lower their energy use, and bringing more generation online sooner.”

ERCOT has attributed its request to extreme heat, record demand, thermal outages, low wind energy output, and solar generation that contributes nothing to the grid after sunset.

ERCOT manages the flow of electric power to 26 million Texas customers—or 90% of the state’s electric load. It is responsible for 52,700 miles of transmission lines and more than 1,100 generation units.

The North American Electric Reliability Corp warned in May that the United States would see likely blackouts this summer, forecasting “shortfalls” in power supplies to the West, Midwest, Southeast, and New England areas of the United States—and Texas.

Comment by Oldnagger on Jun 20, 2023 5:18pm
All energy has a cost. The highest cost of all is unreliability, yet no one ever seems to factor that one in. If politicians were school children , they would be required to sit in the back of the room with a dunce hat on !!
Comment by Carjack on Jun 20, 2023 7:52pm
The irony is not lost on me. The state that produces the most oil at 42.4 % doesn't have enough energy to keep the lights on. 
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