378
Texas power prices soar 20,000% as brutal heat wave sets off emergency
(markets.businessinsider.com)
this post was submitted on 16 Sep 2023
378 points (98.0% liked)
Technology
58100 readers
3435 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Because Texas refuses to connect its grid to the federal grid, yes, there’s effectively texasmegawatts, and they’re fucking expensive right now because the governor keeps refusing to let the power companies properly prepare for devastating weather.
Texas is connected to the Eastern (Florida to Canada) grid, the Western (Cali to Canada) grid, and a Mexican grid not part of the US/CA system via tie-ins. It is the only state in the continental US with it’s own grid, which was not a smart decision (cough cough feb 2021). The most outrageous part was that they could have bought power from Mexico, east, or west and import it via those tie-ins during Feb 2021 but chose not to. Power was out for millions for over a week in freezing temperatures. Fuck Texas. Fuck CenterPoint Energy.
Additional Information: Besides Texas, Quebec and Alaska have their own grids as well. Alaska is the only grid without any tie-ins.