pro_grammer@programming.dev to Technology@lemmy.worldEnglish · 6 months agoTexas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energyfortune.comexternal-linkmessage-square165fedilinkarrow-up1400arrow-down18
arrow-up1392arrow-down1external-linkTexas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energyfortune.compro_grammer@programming.dev to Technology@lemmy.worldEnglish · 6 months agomessage-square165fedilink
minus-squareprofdc9@lemmy.worldlinkfedilinkEnglisharrow-up34·6 months agoThis is Enron-scale manipulation. Someone’s ripping off the public and making a mint with the help of the regulators.
minus-squareramble81@lemm.eelinkfedilinkEnglisharrow-up31arrow-down1·6 months agoJerry Jones, yeah same one that owns the Cowboys, made almost $1B off the price hikes durning the big freeze that almost crippled the grid.
minus-squareTexMexBazooka@lemm.eelinkfedilinkEnglisharrow-up7·edit-26 months agoThe vast majority of Texans are on contracted plans and pay a consistent price per kilowatt. That doesn’t mean prices won’t skyrocket when that contract renews though
This is Enron-scale manipulation. Someone’s ripping off the public and making a mint with the help of the regulators.
Jerry Jones, yeah same one that owns the Cowboys, made almost $1B off the price hikes durning the big freeze that almost crippled the grid.
The vast majority of Texans are on contracted plans and pay a consistent price per kilowatt.
That doesn’t mean prices won’t skyrocket when that contract renews though