Source - The colors of the grids represent CO2 emissions
The title is a reference to the 2021 Texas power crisis
this post was submitted on 19 Jul 2024
392 points (95.0% liked)
memes
10670 readers
2796 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to !politicalmemes@lemmy.world
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
Sister communities
- !tenforward@lemmy.world : Star Trek memes, chat and shitposts
- !lemmyshitpost@lemmy.world : Lemmy Shitposts, anything and everything goes.
- !linuxmemes@lemmy.world : Linux themed memes
- !comicstrips@lemmy.world : for those who love comic stories.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm not sure how it works in Europe, but power grids being privatized is a big issue in USA. It's essentially a monopoly where one company owns and operates the grids in one or a few states. There's no incentive to maintain the grid because there's no competition and they receive government funding whenever a crisis like this occurs. It's cheaper to just eat the fines than it is to buy electricity from neighboring states.
I think competition is not part of problem here. Privatization is.