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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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orrk@lemmy.world
-3 points

why would you think that any of this effects prices?

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n3m37h@sh.itjust.works
4 points

It should reduce the costs, but Texas is so fucked…

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orrk@lemmy.world
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why? what mechanism forces them to lower prices? the same that keep corporate profits at record highs year after year? we recently saw just how silly the idea of competition making anything cheaper is when every, even tho, there was no reason for doing so, started upping the prices of groceries, because they could.

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gravitas_deficiency@sh.itjust.works
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You are free… to pay as much as you possibly can for electricity.

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