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

  • Texas power prices soared 20,000% Wednesday evening amid another brutal heat wave.

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

  • The state’s grid operator issued its second-highest energy emergency, then later said conditions returned to normal.

  • Honytawk@lemmy.zip
    27·
    1 year ago

    Wasn’t the whole point in investing in oil in Texas to keep the energy prices low?

    How is that working out for em?

    • NightAuthor@lemmy.worldEnglish
      34·
      1 year ago

      Actually, pretty well 99.9% of the time. And if a few people die here or there in a freeze or heatwave, well they shoulda use some of those electricity savings on a generator or something.

      ^ How the conservatives in Texas feel about the situation