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.

  • hoot@lemmy.caEnglish
    382·
    2 years ago

    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!

  • Burn_The_Right@lemmy.worldEnglish
    18·
    2 years ago

    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.

  • AlexisFR@jlai.luEnglish
    14·
    2 years ago

    Impossible. Isn’t Texas the richest, most developed place on earth?

    Was I lied to???11!

  • Mcballs1234@lemmy.mlEnglish
    12·
    2 years ago

    5000$ ÷ 1000 kilowatts = 5 bucks a kilowatt jesus, In my area its 0.14 ¢ a kilowatt. I’m pretty sure the math is right.

  • Destraight@lemm.eeEnglish
    131·
    2 years ago

    I don’t get it. Texans live close to the ocean, just go for a swim if it’s too hot.

    • Doomsider@lemmy.worldEnglish
      1·
      2 years ago

      Did you see ocean temperature off the coast of Florida reaching one hundred degrees? Cool off in a hot tub…

  • Wahots@pawb.socialEnglish
    5·
    2 years ago

    At ERCOT’s request, the Biden administration declared a power emergency in Texas on Thursday, waiving some air-pollution rules so generators in the state could produce more electricity.

    Why not just say “yes, but only if you promise to put in more clean energy, drop gas, and connect to say, I dunno, the fucking international grid, you fucking dumbasses?”

    If you have the means, move out of the state before anything worse happens from your galaxy brain politicians, who would seem to rather kill you than see you have normal living conditions. Jesus.

  • FireWire400@lemmy.worldEnglish
    31·
    2 years ago

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