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submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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[-] Edgelord_Of_Tomorrow@lemmy.world 27 points 9 months ago

The free market is trying to supply renewables, they are cheaper, more flexible and simple to deploy, the free market loves that shit.

It's vested interests fighting it at every turn that's the issue.

[-] douglasg14b@lemmy.world 29 points 9 months ago

Yeah, those vested interests are part of the free market.

You don't get to cherry pick this

[-] ChaoticEntropy@feddit.uk 7 points 9 months ago

It doesn't seem like a very "free" market with lobbyists, subsidies, and pet politicians propping up the establishment entities in every corner of the market. Too big to fail and all that.

this post was submitted on 16 Sep 2023
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