Texas power prices soar 20,000% as brutal heat wave sets off emergency::On Wednesday evening, spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.
Don’t worry everyone. The free market will take care of this for sure! Deregulated private companies always have the best interests of the consumers at heart!
The free market is trying to supply renewables, they are cheaper, more flexible and simple to deploy, the free market loves that shit.
It’s vested interests fighting it at every turn that’s the issue.
Yeah, those vested interests are part of the free market.
You don’t get to cherry pick this
Waaaaat? The Texas power grid is price gouging again?!? Who could have foreseen this??? After all that work they put into the power grid after the last time this happened? It’s almost like someone should regulate this power grid or something.
Texas talks a lot of shit for a state that can’t keep the lights on.
The stars at night Are big and bright Clapclapclapclap Cause we got rolling blackouts
Friday Night
LightsEven motel 6 can do that
We have a saying in germany about our state owned railway operator:
The four biggest enemies of punctuality are Summer, Winter, Autumn and Spring.
Maybe the same is true for energy reliability and ERCOT?
Good thing we brought all those bitcoin miners to “incentivize” the power companies to improve the grid. And then we give them millions in energy credits to make them stop so we don’t have a total meltdown.
10/10 plan, there.
All these motherfuckers, including Abbott and every CEO sitting on ERCOT, need to go to prison for the rest of their goddamned lives. This is ALL market manipulation and price gouging. All of it.
Wait, I have seen that before. I have a déjà-vu
EDIT: so it’s 5$ kWh, current price in France is 0.2€ kWh for comparison. Makes a real point for energy-efficient computers/software!
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.
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
Someone has to take Ted Cruz to Mexico.
That only happens when it gets cold
“The system is working as intended. The shareholders thank you.”
No doubt that the climate science deniers of Texas will struggle on…
This state is such a shithole.
FREEDOM! SO FREE! Free to die baking in the sunnnn
No wonder those dumbasses want to avoid federal rEgUlaTIon!
I don’t get it. Texans live close to the ocean, just go for a swim if it’s too hot.
Did you see ocean temperature off the coast of Florida reaching one hundred degrees? Cool off in a hot tub…
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What the actual fuck?!?
