On Wednesday evening, spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.

    • @Know_not_Scotty_does
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      1 year ago

      It only directly impacts people on variable rate or wholesale plans. I say directly because I can almost guarentee that all of us in this “lovely” state will get hosed either by our “wonderful” state legislature in the next session, or by the electricity providers the next time our plans come up for renewal. I know in my case, last contract I found was ~30% higher than our previous one. I expect it to be worse next time.

      • @doublejay1999
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        31 year ago

        It’s pretty interesting. Here in the UK when our bills went crazy because Ukraine, it’s exposed the facts that people didn’t even really understand their prices were set by a market - and not much to do with cost of production or distribution.

        They’d been voting hard to get these national utilities into private hands, without the first idea of what that meant.

    • muse
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      41 year ago

      I don’t think they can afford the power to turn their phones on to comment