Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy
Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy
fortune.com Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy
For about one hour late Friday, day-ahead prices on ERCOT's website jumped as high as $688 per MWh.
![Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy](https://lemmy.blahaj.zone/pictrs/image/ec9ac240-7415-4068-b425-118e6e342ec9.jpeg?format=webp&thumbnail=256)
You're viewing a single thread.
All comments
115
comments
Welcome to your deregulated "free market", Texas. Don't want to be tied to government regulation? Guess you get to pay more or cook...or freeze. Your choice by season.
139 0 ReplyThis is Enron-scale manipulation. Someone's ripping off the public and making a mint with the help of the regulators.
44 0 ReplyJerry Jones, yeah same one that owns the Cowboys, made almost $1B off the price hikes durning the big freeze that almost crippled the grid.
30 0 Reply
115
comments
Scroll to top