On Wednesday evening, spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.

  • Texas power prices soared 20,000% Wednesday evening amid another brutal heat wave.

  • Spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.

  • The state’s grid operator issued its second-highest energy emergency, then later said conditions returned to normal.

  • SaintWacko@midwest.socialEnglish
    42·
    1 year ago

    Look, this is super misleading information and I keep seeing it repeated. They’re first in the nation in total electricity generation from renewable sources, but that’s mainly because of how big they are. If you look at what percentage of their consumption is from renewable sources, they’re not even in the top ten.