Texas power prices soar 20,000% as brutal heat wave sets off emergency::On Wednesday evening, spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.
Don’t worry everyone. The free market will take care of this for sure! Deregulated private companies always have the best interests of the consumers at heart!
I think that other comment was sarcasm
But how do we know? They didn’t use the sarcasm font!
Waaaaat? The Texas power grid is price gouging again?!? Who could have foreseen this??? After all that work they put into the power grid after the last time this happened? It’s almost like someone should regulate this power grid or something.
It not price gouging, it’s “free market economics”. You don’t have your MBA yet, do you?
And they will still continue to vote against their interests.
They absolutely deserve it, too. Dumbfuck Texans.
All these motherfuckers, including Abbott and every CEO sitting on ERCOT, need to go to prison for the rest of their goddamned lives. This is ALL market manipulation and price gouging. All of it.
Wait, I have seen that before. I have a déjà-vu EDIT: so it’s 5$ kWh, current price in France is 0.2€ kWh for comparison
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.
Texas is connected to the Eastern (Florida to Canada) grid, the Western (Cali to Canada) grid, and a Mexican grid not part of the US/CA system via tie-ins. It is the only state in the continental US with it’s own grid, which was not a smart decision (cough cough feb 2021). The most outrageous part was that they could have bought power from Mexico, east, or west and import it via those tie-ins during Feb 2021 but chose not to. Power was out for millions for over a week in freezing temperatures. Fuck Texas. Fuck CenterPoint Energy.
Additional Information: Besides Texas, Quebec and Alaska have their own grids as well. Alaska is the only grid without any tie-ins.
… what?
Impossible. Isn’t Texas the richest, most developed place on earth?
Was I lied to???11!
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
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.
“The system is working as intended. The shareholders thank you.”
This state is such a shithole.
No wonder those dumbasses want to avoid federal rEgUlaTIon!
The solution is staring at them straight in the face. Unfortunately, they’re so utterly brainwashed that they’ll never even consider it.
5000$ ÷ 1000 kilowatts = 5 bucks a kilowatt jesus, In my area its 0.14 ¢ a kilowatt. I’m pretty sure the math is right.
I don’t get it. Texans live close to the ocean, just go for a swim if it’s too hot.
Did you see ocean temperature off the coast of Florida reaching one hundred degrees? Cool off in a hot tub…
FREEDOM! SO FREE! Free to die baking in the suuun
What the actual fuck?!?
