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!
The free market is trying to supply renewables, they are cheaper, more flexible and simple to deploy, the free market loves that shit.
It’s vested interests fighting it at every turn that’s the issue.
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?
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
Friday Night
LightsWe have a saying in germany about our state owned railway operator:
The four biggest enemies of punctuality are Summer, Winter, Autumn and Spring.
Maybe the same is true for energy reliability and ERCOT?
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.
And they will still continue to vote against their interests.
They absolutely deserve it, too. Dumbfuck Texans.
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.”
Impossible. Isn’t Texas the richest, most developed place on earth?
Was I lied to???11!
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.
No doubt that the climate science deniers of Texas will struggle on…
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.
FREEDOM! SO FREE! Free to die baking in the sunnnn
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…
This state is such a shithole.
5000$ ÷ 1000 kilowatts = 5 bucks a kilowatt jesus, In my area its 0.14 ¢ a kilowatt. I’m pretty sure the math is right.
