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.

  • lemmyvore@feddit.nlEnglish
    1·
    1 year ago

    Texas has plenty of power. Their problem is the delivery network. Their prices surge because power can’t be delivered to everybody, not because there isn’t enough for everybody.

    • protist@mander.xyzEnglish
      1·
      1 year ago

      I need you to explain this further? The price goes up because the demand on the grid goes up, and as the price goes up, typically additional generation comes online to take advantage of higher rates. I’m not saying it’s a good system by any means, but I don’t understand what you mean saying “power can’t be delivered to everybody”