Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy
fortune.com
For about one hour late Friday, day-ahead prices on ERCOT's website jumped as high as $688 per MWh.

lmao lmao.

Reminder that Texas is a separate grid, which is deregulated and financialized, according to neoliberal ideals of efficiency.

  • Chronicon [they/them]@hexbear.netEnglish
    17·
    1 month ago

    it’s wholesale costs, not costs of production, there’s at least one more layer of middlemen in there before the consumer gets anything. Avg residential rate is 14.3 cents/kWh (but businesses only pay 8.7)