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Texas power prices soar 20,000% as brutal heat wave sets off emergency (markets.businessinsider.com)

submitted 2 years ago by MicroWave@lemmy.world to c/news@lemmy.world

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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.

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[–] lolcatnip@reddthat.com 10 points 2 years ago (1 child)

Too be fair, it is the best case if you're one of the rich assholes who owns everything and just wants to squeeze the poors.

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