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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)

submitted 6 months ago by pro_grammer@programming.dev to c/technology@lemmy.world

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[–] PrincessLeiasCat@sh.itjust.works 196 points 6 months ago (9 children)

We’ve learned nothing from the 2021 winter storm that killed over 200 people.

[–] stankmut@lemmy.world 100 points 6 months ago (1 children)

They did change one thing. You used to be able to get electricity at wholesale prices from certain providers. When the rates went crazy during the 2021 storm and people's crazy bills for turning on the lamp blew up on the news, they shut down that option.

These rate surges do hurt customers, but now it's in the form of rate increases when their contract expires.

[–] PrincessLeiasCat@sh.itjust.works 16 points 6 months ago

Thank you for the clarification.

[–] Mereo@lemmy.ca 61 points 6 months ago (2 children)

Rationality is out of the window. Ideology is the new religion. They don't want to become "socialists" even though they don't know what it truly means.

[–] FlashMobOfOne@lemmy.world 19 points 6 months ago

It's almost scary to think of how bad it would have to get in order for voters to tick the boxes for Greens or Libertarians.

Like, how badly do these fuckers have to fail before you're willing to shed your partisan jersey and vote to your own benefit?

[–] cerement@slrpnk.net 16 points 6 months ago

“Socialism is when capitalism.”

[–] FlashMobOfOne@lemmy.world 37 points 6 months ago (1 children)

Correct.

Didn't the state basically re-elect everyone who oversaw that shit show?

[–] TexMexBazooka@lemm.ee 42 points 6 months ago (1 children)

Not only did they re-elect them, deregulating the power grid even more was an explicit part of the Republican platform

[–] FlashMobOfOne@lemmy.world 18 points 6 months ago

Partisanship is a hell of a drug.

[–] deranger@sh.itjust.works 37 points 6 months ago* (last edited 6 months ago)

Instead of requiring weatherization, they allowed power plants to opt out.

Lawmakers on the Senate Business and Commerce Committee were frustrated that the new law allows natural gas companies to opt out of weatherization requirements if they don’t voluntarily declare themselves to be “critical infrastructure” with the state.

https://www.texastribune.org/2021/09/28/texas-power-grid-loophole/

[–] gravitas_deficiency@sh.itjust.works 19 points 6 months ago

It’s absolutely wild. The last time around, people died, and a lot more were put into financial hardship due to the shitty, hypercapitalist energy infrastructure. People were rightly ripshit angry about it.

And then nothing was done about any of it.

And then people keep voting for the politicians who created and perpetuated the situation.

It’s really hard to keep giving a shit about people who actively work and vote to make their own lives worse.

[–] Sam_Bass@lemmy.world 12 points 6 months ago

Desire for more money overrides literally every other thought for those who have the most

[–] KillingTimeItself@lemmy.dbzer0.com 11 points 6 months ago

they almost learned nothing. The grid almost shutdown this time, instead of shutting down...

[–] baggachipz@sh.itjust.works 5 points 6 months ago

Sure we have: profits are worth more than 200 lives, and counting.