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.

  • protist@mander.xyzEnglish
    210·
    1 year ago

    This wasn’t a “simple temperature change,” this was a record-breaking heatwave. It hit 108° in Austin that day, which was one of the hottest highs of the entire summer. Ultimately this article is bullshit though, because the “emergency” consisted of ERCOT asking for voluntary energy conservation for one evening and then everything returning to normal.