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.

  • Chocrates@lemmy.world
    1·
    1 year ago

    They do, but capitalism is gonna win this one. Solar is cheap and sunshine is plentiful so it is still getting built. ERCOT is a disaster, most of it on purpose but the legislation that set it up.
    Would probably be a good idea to hook up to the neighboring power grids too for emergencies… like every day in the summer is turning in to.