Nice to see that at least in some places people are actually thinking to almost-impossible scenarios and taking them into account. I have the feeling that it's quite unlike most infrastructure development nowadays, unfortunately.
The key is the responsible party's skin in that particular game. A drilling rig is a very large, very expensive, and very lucrative man-made island. The backed-up backups have backups. Not only could it be very far away from support vessels, capable of bringing it online in every situation, every minute not in production is money thrown overboard.
Very true, although I think that economic arguments can apply to most infrastructure. What are the actual costs of a day-long nationwide blackout? I have no actual idea, but I'd not be surprised if they exceed 1 billion {EUR|USD}.
The part you are missing is ‘paid by whom’. Unlikely the power companies or regulator is going to be paying that amount here. It’s all the poor saps who didn’t have sufficient backup capacity.
There will be costs/losses by the various power companies which weren’t generating during all this of course, but also fixing this is by definition outside of their control (the grid operators are the ones responsible).
I’m sure public backlash will cause some changes of course. But the same situation in Texas didn’t result in the meaningful changes one would expect.
That’s because there is no effective regulation of the state’s power industry. Since they’re (mostly) isolated from the national grid, they aren’t required to listen to FERC, who told them repeatedly that they should winterize their power plants. And a state-level, the regulators are all chosen by the Governor, who receives huge contributions from the energy industry, so he’s in no rush to force them to pay for improvements.
The real irony was the following summer during a heatwave, when they also experienced blackouts. Texas energy: not designed for extreme cold, not designed for extreme heat. Genius!
Same thing happened in south Texas last year. Years of deferred maintenance on transmission lines resulted in almost two weeks of power outages from two major storms, that could have largely been avoided. The utility provider is mostly allowed to regulate itself (while donating to the campaigns of the dominant political party), and allowed to keep excess profits/return dividends to shareholders, rather than re-invest in infrastructure. There is very little regulatory structure or checks in place to ensure the grid is being maintained. And there have essentially been no consequences, other than an apology and excuses, with an attempt to raise delivery rates even higher. As a home owner, its on me to bear the additional cost of a backup generator, because I can’t rely on the state to regulate the utility to provide the service I’m forced to pay them for.
