• 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.

  • Honytawk@lemmy.zip
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    1 year ago

    Wasn’t the whole point in investing in oil in Texas to keep the energy prices low?

    How is that working out for em?