this post was submitted on 19 May 2024
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Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy (fortune.com)
submitted 6 months ago by [email protected] to c/technology
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[–] [email protected] -3 points 6 months ago

Its wholesale prices, it's what they do. Same in Europe same in Australia.

Texas looks fairly middle of the pack with decreasing prices. Compare it to another state with high levels of renewable and California is second highest after some islands and has increasing prices.

https://www.cnet.com/home/energy-and-utilities/electricity-rates-by-state/