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Texas power prices soar 20,000% as brutal heat wave sets off emergency (markets.businessinsider.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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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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[–] Kraven_the_Hunter@lemmy.dbzer0.com 31 points 1 year ago (1 children)

It not price gouging, it's "free market economics". You don't have your MBA yet, do you?

[–] netburnr@lemmy.world 25 points 1 year ago

Its trickle down economics, the sweat trickling down your back