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
    33·
    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.