News@lemmy.worldEnglish · 1 year ago

Texas power prices soar 20,000% as brutal heat wave sets off emergency

markets.businessinsider.com

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Texas power prices soar 20,000% as brutal heat wave sets off emergency

markets.businessinsider.com

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News@lemmy.worldEnglish · 1 year ago

159

cross-posted to:
[email protected]

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.

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They lead the nation, iirc. Not just in the space for it, but for the actual amount that’s been implemented.
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