Texas power prices soar 20,000% as brutal heat wave sets off emergency::On Wednesday evening, spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.
Waaaaat? The Texas power grid is price gouging again?!? Who could have foreseen this??? After all that work they put into the power grid after the last time this happened? It’s almost like someone should regulate this power grid or something.
It not price gouging, it’s “free market economics”. You don’t have your MBA yet, do you?
Its trickle down economics, the sweat trickling down your back
Texas talks a lot of shit for a state that can’t keep the lights on.
The stars at night Are big and bright Clapclapclapclap Cause we got rolling blackouts
Even motel 6 can do that
Good thing we brought all those bitcoin miners to “incentivize” the power companies to improve the grid. And then we give them millions in energy credits to make them stop so we don’t have a total meltdown.
10/10 plan, there.
All these motherfuckers, including Abbott and every CEO sitting on ERCOT, need to go to prison for the rest of their goddamned lives. This is ALL market manipulation and price gouging. All of it.
Wait, I have seen that before. I have a déjà-vu
EDIT: so it’s 5$ 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.
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.
… what?
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…
No wonder those dumbasses want to avoid federal rEgUlaTIon!
5000$ ÷ 1000 kilowatts = 5 bucks a kilowatt jesus, In my area its 0.14 ¢ a kilowatt. I’m pretty sure the math is right.
FREEDOM! SO FREE! Free to die baking in the sunnnn
Don’t worry! I’ve read on the internet that an ice age is coming in a couple of years /s
