But unlike Alberta, Texas and its surrounding regions aren't designed for this type of weather. It's the stuff of nightmares for power market designers and grid operators, and a dangerous situation for millions of Texans without heat. Freezing temperatures and a power system not designed for them resulted in a lack of gas supply and soaring natural gas prices during the Texas power outage. It's only natural in the aftermath of a serious event like the Texas power outage is that people will be quick to seek and assign blame. This resulted in a lack of gas supply and soaring natural gas prices — in some cases 100 times typical pricing.

Source: CBC News February 17, 2021 21:11 UTC