• 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.

  • sploosh@lemmy.world
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    1 year ago

    The big difference being a drive toward profit. Nationalizing energy production and distribution would be a slam dunk for everyone except the people at the top of these energy companies and their shareholders.

    • lolcatnip@reddthat.com
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      1 year ago

      Probably. But the people who cry about socialism would be technically correct for once if that happened.