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 (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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[–] SimplePhysics@sh.itjust.works 6 points 1 year ago* (last edited 1 year ago)

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.