Texas power prices soar 20,000% as brutal heat wave sets off emergency
markets.businessinsider.com
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Texas power prices soared 20,000% Wednesday evening amid another brutal heat wave.
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Spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.
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The state's grid operator issued its second-highest energy emergency, then later said conditions returned to normal.
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Transmission lines have maximums and the Texas power grid is a shambles.
Here's a recent article that explains a little more: https://www.kut.org/energy-environment/2023-09-08/ercot-texas-electric-grid-congestion-at-risk-energy-emergency
I'm abreast of this specific grid situation, and there're absolutely improvements that need to be made, and also no, it's not "a shambles." Yes, there was a bottleneck this time, but also everyone's power stayed on just fine
Oh cool, so nobody died this time.
Give it a few months when they start dying of exposure. At least once a year I see stories about Texas' power grid shitting the bed and people dying as a result.
How's all that freedom going?