Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy
fortune.com
For about one hour late Friday, day-ahead prices on ERCOT's website jumped as high as $688 per MWh.

lmao lmao.

Reminder that Texas is a separate grid, which is deregulated and financialized, according to neoliberal ideals of efficiency.

  • @porcupine@lemmygrad.mlEnglish
    21•2 months ago

    if someone were so authoritarian that they’d disrupt the free market in this way, President Biden would simply have no choice but to impose tariffs on them to protect American business from such dangerous foreign technology