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.

  • @chiliedogg
    3•1 year ago

    Completely agree. But Snovid was a case of multiple system failures. It wasn’t just gas lines freezing,. It was increased demand, frozen equipment, inoperable windmills and solar panels, trees on transmission lines, road inaccessibility for repair crews, and informational gaps.