Texas power prices soar 20,000% as brutal heat wave sets off emergency
Texas power prices soar 20,000% as brutal heat wave sets off emergency
On Wednesday evening, spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.
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Texas power prices soared 20,000% Wednesday evening amid another brutal heat wave.
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Spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.
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The state's grid operator issued its second-highest energy emergency, then later said conditions returned to normal.
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In first world states these kinds of price spikes and lengthy outages due to temperatures don't happen instead of happening every 6 months.
Sure, hurricanes and other natural disasters, but not simple temperature changes.
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.
When every temperature seems to be record-breaking, sure seems like a simple temperature change to me.