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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.
Wasn’t the whole point in investing in oil in Texas to keep the energy prices low?
How is that working out for em?
Actually, pretty well 99.9% of the time. And if a few people die here or there in a freeze or heatwave, well they shoulda use some of those electricity savings on a generator or something.
^ How the conservatives in Texas feel about the situation
…but that’s a price I’m willing to pay?