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.

  • HexBroke [any, comrade/them]
    ·
    3 months ago

    I would be surprised if there isn't any manipulation of the market.

    Some of my state's SOE electricity generators got sued by the federal government for price manipulation on the national energy market (and then they gave up and changed the rules to try and stop it)