this post was submitted on 19 May 2024
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[–] UnderpantsWeevil 12 points 7 months ago (1 children)

So, this is definitely good from an infrastructure perspective. But because the infrastructure is all privately owned and operated in pursuit of profit, the cost problem isn't solved by the new capital.

Much like with all the new natural gas electric plants, these battery centers simply exist to exploit the short periods of time in which Texas electricity prices jump from $25 Mwh to $3000 Mwh. As the cartels sink their claws deeper into the retail market, the possibility of enormous price spikes increase, with base loads falling and surge pricing becoming much more common.