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.

  • Wirrvogel@feddit.deEnglish
    2·
    1 year ago

    Many Texas leaders (and other Taxans) see any energy source that’s not oil and gas based as “part of the radical liberal agenda.”

    Solar energy is also decentralized, so people/villages can have their own source of energy and the profits won’t go to one monopoly and that can’t happen, because free market - yes - but not actual free like this.