@[email protected] to [email protected]English • 5 months agoTexas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energyfortune.comexternal-linkmessage-square168fedilinkarrow-up1730arrow-down112cross-posted to: technology
arrow-up1718arrow-down1external-linkTexas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energyfortune.com@[email protected] to [email protected]English • 5 months agomessage-square168fedilinkcross-posted to: technology
minus-square@[email protected]linkfedilinkEnglish48•4 months agoThis is Enron-scale manipulation. Someone’s ripping off the public and making a mint with the help of the regulators.
minus-square@[email protected]linkfedilinkEnglish31•4 months agoJerry Jones, yeah same one that owns the Cowboys, made almost $1B off the price hikes durning the big freeze that almost crippled the grid.
minus-square@[email protected]linkfedilinkEnglish8•edit-24 months agoThe vast majority of Texans are on contracted plans and pay a consistent price per kilowatt. That doesn’t mean prices won’t skyrocket when that contract renews though
This is Enron-scale manipulation. Someone’s ripping off the public and making a mint with the help of the regulators.
Jerry Jones, yeah same one that owns the Cowboys, made almost $1B off the price hikes durning the big freeze that almost crippled the grid.
The vast majority of Texans are on contracted plans and pay a consistent price per kilowatt.
That doesn’t mean prices won’t skyrocket when that contract renews though