pro_grammer@programming.dev to Technology@lemmy.worldEnglish · 7 months agoTexas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energyfortune.comexternal-linkmessage-square168fedilinkarrow-up1731arrow-down112
arrow-up1719arrow-down1external-linkTexas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energyfortune.compro_grammer@programming.dev to Technology@lemmy.worldEnglish · 7 months agomessage-square168fedilink
minus-squareprofdc9@lemmy.worldlinkfedilinkEnglisharrow-up48·7 months agoThis is Enron-scale manipulation. Someone’s ripping off the public and making a mint with the help of the regulators.
minus-squareramble81@lemm.eelinkfedilinkEnglisharrow-up32arrow-down1·7 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-squareTexMexBazooka@lemm.eelinkfedilinkEnglisharrow-up8·edit-27 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