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Texas power prices soared 20,000% Wednesday evening amid another brutal heat wave.
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Spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.
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The state’s grid operator issued its second-highest energy emergency, then later said conditions returned to normal.
If you had the same amount of heat, you’d have more sunlight hours and thus better conditions for solar power. If you had more wind, wind power etc.
There’s no scenario anywhere in the world where the entire energy consumption and more can’t be supplied via renewable sources. All that’s missing is the political will to go against the fossil fuel industry.