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

  • Texas power prices soared 20,000% Wednesday evening amid another brutal heat wave.

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

  • The state’s grid operator issued its second-highest energy emergency, then later said conditions returned to normal.

  • lemmyvoreEnglish
    32•1 year ago

    Texas has plenty of power. Their problem is the delivery network. Their prices surge because power can’t be delivered to everybody, not because there isn’t enough for everybody.

    • @[email protected]English
      1•1 year ago

      I need you to explain this further? The price goes up because the demand on the grid goes up, and as the price goes up, typically additional generation comes online to take advantage of higher rates. I’m not saying it’s a good system by any means, but I don’t understand what you mean saying “power can’t be delivered to everybody”

        • @[email protected]English
          -10•1 year ago

          I’m abreast of this specific grid situation, and there’re absolutely improvements that need to be made, and also no, it’s not “a shambles.” Yes, there was a bottleneck this time, but also everyone’s power stayed on just fine

          • proleEnglish
            13•1 year ago

            Oh cool, so nobody died this time.

            Give it a few months when they start dying of exposure. At least once a year I see stories about Texas’ power grid shitting the bed and people dying as a result.

            How’s all that freedom going?