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.
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?