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@pro_grammer@programming.dev to Technology@lemmy.worldEnglish • 1 year ago

Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy

fortune.com

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Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy

fortune.com

@pro_grammer@programming.dev to Technology@lemmy.worldEnglish • 1 year ago
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For about one hour late Friday, day-ahead prices on ERCOT's website jumped as high as $688 per MWh.
  • @magnetosphere@lemmy.world
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    47•1 year ago

    Oh, Texas. Your power grid is an endless source of amusement (for people who don’t have to rely on it, of course).

    • @UnderpantsWeevil@lemmy.world
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      33•1 year ago

      Losing power for three days, but knowing my energy bill will be twice as high as last months is always a cool feeling.

      • @magnetosphere@lemmy.world
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        18•1 year ago

        Smartass remarks aside, you have my sympathies.

        • @UnderpantsWeevil@lemmy.world
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          11•1 year ago

          I mean, I work in the O&G industry. Y’all have every right to be as smartass as you please.

          • @MeThisGuy@feddit.nl
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            3•1 year ago

            so what’s the reason they’re the only state independent from the national grid?
            they just know better?
            guess that’s why they call it the lone star state

            • @UnderpantsWeevil@lemmy.world
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              12•1 year ago

              so what’s the reason they’re the only state independent from the national grid?

              https://en.wikipedia.org/wiki/Texas_Interconnection

              There’s a whole article on it in Wikipedia, but the TL;DR; boils down to “If we’re not connected nationally then we don’t have to abide by national regulations”.

              That’s ostensibly a cost-saving, assuming you don’t think too hard about what’s being regulated. But its also a great opportunity to price gouge consumers.

              • @MeThisGuy@feddit.nl
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                3•1 year ago

                sounds about right

              • Chaotic Entropy
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                3•1 year ago

                We’re free to do all the great, innovative things we could want! But mostly the sneakiest, underhanded, previously illegal shit we want…

      • @guacupado@lemmy.world
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        3•1 year ago

        Everything’s bigger in Texas.

        Especially the incompetence.

    • @guacupado@lemmy.world
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      7•1 year ago

      The reason Texans hate government so much is because they have no idea what it looks like when it’s run correctly.

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