NewTradingView.com – Investing and Stock News
Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Economy

Reddy or Not, Winter Is Coming

by December 13, 2022
written by December 13, 2022
Image Source: Flickr

Can you imagine scanning the skies, seeing it’s a calm, overcast day, and then realizing you’re in danger? That is the energy world environmentalists are pushing us into. 

The looming threat of a dull day is something warned about in a new report from the Colorado Public Utilities Commission. It’s what would critically disrupt an electric system made to rely on weather-dependent renewable energy sources instead of traditional energy sources (coal, natural gas, and nuclear). 

As reported by Colorado Public Radio, more solar and wind facilities on the grid would mean that “long periods of still, overcast weather,” rather than extreme temperature events, pose the greatest challenge. As report author Nicholas Garza put it, “What we would think of as very benign or very boring weather, where you have just persistent cloud coverage and really no wind, that’s actually going to pose the most significant threat.” 

Making it worse, those times are most likely to occur in the winter, when people will especially be relying on electricity for heat to survive.

Access to readily available electricity is vital. Electricity is a basic human necessity. Fickle, uncertain electricity is up there with dirty water as a hallmark of backwoods isolation or Third World privation.

The thought that American electricity consumers, families with small children, people who need breathing machines, poor parents who just made their one grocery run of the pay period, schools, nursing facilities, and hospitals, would have to live in dread of dull days is an abomination. But for environmentalists and renewable energy zealots who want zero-emissions electricity generation without the dependability (or efficient land use) of zero-emissions nuclear, it’s a necessity.

This intolerable thought is a complete inversion of the heady promises of American electrification.

Reddy, willing and able

I am always there

With lots of power to spare

Because I’m Reddy Kilowatt!

So sang the longtime electricity mascot in a 1950s advertisement. At the end of the jingle, “Reddy Kilowatt” jumped into a wall outlet, telling everyone, “Remember: just plug in. I’m Reddy!”

Reddy Kilowatt goes back to 1926, and his creation was truly a flash of inspiration. Ashton B. Collins, general commercial manager of the Alabama Power Company, had returned from an electricity convention seeking a way to persuade people that electricity could serve their needs. About that time, he saw a bolt of lightning diverging in different directions. Legend has it that, “For a split-second, that lightning reminded Collins of a human figure, and at that moment Reddy Kilowatt sprang from his brow full-grown, like Athena from that of Zeus.” 

Reddy was a lightning-bolt stick figure with a lightbulb nose, socket ears, and an affable smile, and he became the mascot for investor-owned utilities in the 1930s, the early days of rural electrification. The name drove home the intended selling point: electricity is ready to be a “servant to mankind.” Over 300 companies used Reddy’s likeness in marketing materials, and eventually he became trademarked around the world. Today, old Reddy promotional materials are of great interest to collectors.

The aim here is not to wax nostalgic over a spunky old cartoon character, but to uphold the spirit of electricity that’s always there. Power that’s ready, known in electricity generation as dispatchable, has long been people’s expectation. Power at the flip of a switch. Energy that’s immediately available. Just plug in.

Governments mandating and incentivizing nondispatchable sources of electricity generation, however, have endangered that spirit. People have grown so accustomed to power at the flip of a switch (“servant to mankind”) that they now take it for granted. From that perspective, that dispatchability just is, they can be persuaded that replacing “fossil fuel” sources (dispatchable) with “renewable” sources of electricity (entirely dependent upon weather and the time of day) is a simple thing. It’s not. You don’t just “plug in” a generating source that needs Mother Nature’s permission to power things.

The governor of North Carolina, Democrat Roy Cooper, ought to know. The application by the company that built a five-megawatt (MW) solar facility on the Governor’s Nash County property noted the following in its application: “Solar is an intermittent energy source, and therefore the maximum dependable capacity is 0 MW.” In other words, the most electricity generation the governor or anyone else could expect at any given time is nothing. 

Nevertheless, Cooper has ordered the state to convert to “carbon neutral” electricity generation by 2050. Because it avoids new nuclear facilities, his demand would require significant overbuilding of renewable facilities. Dealing with such unreliable generation sources requires a great deal of expensive redundancy. Consequently, the state’s generating capacity would increase by nearly three times the rate of population increase, which is no small matter considering North Carolina is one of the fastest-growing states in the nation.

Europe is already showing what happens to people when governments heedlessly discard dispatchable power generation for electricity at nature’s whim. Last year’s European “wind drought” was a warning. Forecasts for the upcoming winter predict exceptional cold. Worse, the dreaded “Dunkelflaute” is setting in again, the “dark doldrums” of still air (no wind) and little sunlight in the winter months.

For the US, the 2022 State of Reliability report by the North American Electric Reliability Corporation (NERC) highlighted fast emerging threats to grid reliability outside of peak demand. As to those, the Institute for Energy Research discussed several of NERC’s key findings regarding renewable resources and grid reliability. They included that peak demand is no longer the only time of clear risk to grid reliability, it’s also “when weather-dependent generation is impacted by abnormal atmospheric conditions or when extreme conditions disrupt fuel supplies.” 

Furthermore, there is a greater risk of energy shortfalls (blackouts) thanks to “the resource mix evolv[ing] toward renewable energy,” which means “less flexible generation that is fuel-assured, weatherized and dispatchable.”

As the Institute for Energy Research explained, “Wind and solar are making the grid more unreliable as they gain share.” Any time, but especially in the depths of the cold, electricity consumers must still be able to count on electricity “always there/with lots of power to spare” as they have for 100 years. Benign, boring days should never be a threat to the power grid. Doldrums shouldn’t be deadly.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Bitcoin soars over 5% on better-than-expected CPI
next post
These Are the Good Old Days

You may also like

1619 Project: A Flawed Interpretation With a Hidden...

February 5, 2023

Words, Numbers, and Samuel Gregg

February 4, 2023

The Tragedy of the Monetary Commons

February 4, 2023

Supply Constraints and Inflation, Revisited

February 3, 2023

Efforts to Depoliticize the Fed Will Likely Make...

February 3, 2023

Should the Fed Stop Tightening?

February 2, 2023

The FOMC: To Pause or Not to Pause?

February 2, 2023

An Apostate Indicts Our Educational System

February 1, 2023

The 1519 Project: An Antidote to Caricature?

February 1, 2023

China: House Divided

January 31, 2023
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Popular Posts

  • 1

    My Trigger to Enter $VAPR

  • 2

    Scaling Up Tips From A 24-Year Old Millionaire Trader {VIDEO}

  • 3

    Multi-Millionaire Trader Explains Why You Should Start Trading With A Small Account {VIDEO}

  • 4

    Pay Attention to These Stocks

  • 5

    New ‘Hunger Winter’ Looms as Europe Prepares to Shiver

Recent Posts

  • How to play stocks as nonfarm payrolls increase in January?

    February 5, 2023
  • 1619 Project: A Flawed Interpretation With a Hidden Agenda (Video)

    February 5, 2023
  • Words, Numbers, and Samuel Gregg

    February 4, 2023
  • The Tragedy of the Monetary Commons

    February 4, 2023
  • As Adani implodes, how safe is Reliance Industries stock?

    February 3, 2023

Categories

  • Economy (609)
  • Editor's Pick (234)
  • Investing (1,614)
  • Stock (9)
  • About Us
  • Email Whitelisting
  • Terms and Conditions
  • Privacy Policy
  • Contacts

Disclaimer: NewTradingView.com, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2023 NewTradingView.com All Rights Reserved.


Back To Top
NewTradingView.com – Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick