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.

  • EvilHaitianEatingYourCat@lemmy.worldEnglish
    18·
    1 year 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
      112·
      1 year 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.

      • body_by_make@lemmy.dbzer0.comEnglish
        4·
        1 year ago

        Because Texas refuses to connect its grid to the federal grid, yes, there’s effectively texasmegawatts, and they’re fucking expensive right now because the governor keeps refusing to let the power companies properly prepare for devastating weather.