this post was submitted on 16 Sep 2023
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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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[–] Bassman1805@lemmy.world 54 points 1 year ago

Good thing we brought all those bitcoin miners to "incentivize" the power companies to improve the grid. And then we give them millions in energy credits to make them stop so we don't have a total meltdown.

10/10 plan, there.