On Wednesday evening, spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.

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.

  • hoot@lemmy.caEnglish
    1552·
    1 year ago

    Don’t worry everyone. The free market will take care of this for sure! Deregulated private companies always have the best interests of the consumers at heart!

    • Edgelord_Of_Tomorrow@lemmy.worldEnglish
      4013·
      1 year ago

      The free market is trying to supply renewables, they are cheaper, more flexible and simple to deploy, the free market loves that shit.

      It’s vested interests fighting it at every turn that’s the issue.

      • douglasg14b@lemmy.worldEnglish
        313·
        1 year ago

        Yeah, those vested interests are part of the free market.

        You don’t get to cherry pick this

        • Chaotic Entropy@feddit.ukEnglish
          7·
          1 year ago

          It doesn’t seem like a very “free” market with lobbyists, subsidies, and pet politicians propping up the establishment entities in every corner of the market. Too big to fail and all that.