Texas power prices soar 20,000% as brutal heat wave sets off emergency - eviltoast
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.

  • sploosh@lemmy.world
    12·
    1 year ago

    The big difference being a drive toward profit. Nationalizing energy production and distribution would be a slam dunk for everyone except the people at the top of these energy companies and their shareholders.

    • lolcatnip@reddthat.comEnglish
      1·
      1 year ago

      Probably. But the people who cry about socialism would be technically correct for once if that happened.