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Which is why we have ancillary and capacity markets?

We have identified a few key areas where pricing energy is not enough and therefore price available of physical properties.

Nevertheless texas power grid has collapsed, and the government had to get involved

Which is a grid making a point of being nearly energy only? Trying to eschew these secondary markets wherever possible.

Not sure what point you think you are making.

Following their troubles they strengthened ancillary services and created new regulations to ensure stability.

All this made them quite easily manage the last winter storm in January 2024.