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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.
  • @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.

            • 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…

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

              sounds about right

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

      Everything’s bigger in Texas.

      Especially the incompetence.

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