Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy
Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy
For about one hour late Friday, day-ahead prices on ERCOT's website jumped as high as $688 per MWh.
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Welcome to your deregulated "free market", Texas. Don't want to be tied to government regulation? Guess you get to pay more or cook...or freeze. Your choice by season.
146 2 ReplyThis is Enron-scale manipulation. Someone's ripping off the public and making a mint with the help of the regulators.
48 0 ReplyJerry Jones, yeah same one that owns the Cowboys, made almost $1B off the price hikes durning the big freeze that almost crippled the grid.
31 1 ReplyThe vast majority of Texans are on contracted plans and pay a consistent price per kilowatt.
That doesn’t mean prices won’t skyrocket when that contract renews though
8 0 Reply