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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Wasn't the whole point in investing in oil in Texas to keep the energy prices low?
How is that working out for em?
Actually, pretty well 99.9% of the time. And if a few people die here or there in a freeze or heatwave, well they shoulda use some of those electricity savings on a generator or something.
^ How the conservatives in Texas feel about the situation
…but that’s a price I’m willing to pay?