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.

  • TurtleJoe@lemmy.world
    47·
    1 year ago

    I’m with the commies on this one. We need to nationalize utilities like energy distribution. No reason to have a profit seeking entity in charge of necessities like electricity.