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Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy(fortune.com)

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profdc9@lemmy.world
48 points

This is Enron-scale manipulation. Someone’s ripping off the public and making a mint with the help of the regulators.

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TexMexBazooka@lemm.ee
8 points
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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

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ramble81@lemm.ee
31 points

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.

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