On Wednesday evening, spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.

Texas power prices soar 20,000% as brutal heat wave sets off emergency::On Wednesday evening, spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.

  • fkn@lemmy.worldEnglish
    61·
    2 years ago

    Waaaaat? The Texas power grid is price gouging again?!? Who could have foreseen this??? After all that work they put into the power grid after the last time this happened? It’s almost like someone should regulate this power grid or something.

  • bobalot@lemmy.worldEnglish
    441·
    2 years ago

    Texas talks a lot of shit for a state that can’t keep the lights on.

  • Bassman1805@lemmy.worldEnglish
    372·
    2 years ago

    Good thing we brought all those bitcoin miners to “incentivize” the power companies to improve the grid. And then we give them millions in energy credits to make them stop so we don’t have a total meltdown.

    10/10 plan, there.

  • make -j8@lemmy.worldEnglish
    20·
    2 years ago

    Wait, I have seen that before. I have a déjà-vu

    EDIT: so it’s 5$ kWh, current price in France is 0.2€ kWh for comparison. Makes a real point for energy-efficient computers/software!

    • p_q@lemmy.worldEnglish
      113·
      2 years ago

      so it’s a publicly traded commodity. are there texasmegawatts or what? are there less texasmegawatts then before? because if not, this is how it works. they gain capital, can cheaper lend capital, buy efficient texasmegawattsfacilities.

  • Overzeetop@lemmy.worldEnglish
    19·
    2 years ago

    Emergency? You mean kind of emergency where I have to call my naval architect to lengthen my new summer yacht by another half a football field because I need to spend this profit windfall. -Power Co execs in TX

  • FireWire400@lemmy.worldEnglish
    21·
    2 years ago

    Don’t worry! I’ve read on the internet that an ice age is coming in a couple of years /s