I had planned on making some comments on the power failure in Texas. As an ex-electrical engineer, this was an interesting and tragic situation. However, I wasn't happy with my article, so I dropped it. To briefly summarise, my argument was that the discussion ended up somewhat overly politicised. On one side, there was an attempt to pin this on wind power, which made no technical sense. On the other, the issue was not so much the existence of energy markets -- you can get under-investment even in public utilities. You need regulators to take risks into account when mandating utility behaviour. From a bigger picture perspective, we cannot generalise too much from this incident, as it either represents bad luck, or incompetence. Telling people not to be incompetent only gets you so far.