news@hexbear.netEnglish · 6 months ago

Texas power prices spike to 16x during spring heat wave

fortune.com

cross-posted to:
technology@lemmy.world

129

Texas power prices spike to 16x during spring heat wave

fortune.com

Owl [he/him]@hexbear.net to

news@hexbear.netEnglish · 6 months ago

cross-posted to:
technology@lemmy.world

Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy

fortune.com

For about one hour late Friday, day-ahead prices on ERCOT's website jumped as high as $688 per MWh.

lmao lmao.

Reminder that Texas is a separate grid, which is deregulated and financialized, according to neoliberal ideals of efficiency.

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Who could have predicted this once in a lifetime event

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