Technology

59440 readers

3638 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

719

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

166 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] UnderpantsWeevil@lemmy.world 4 points 6 months ago (1 children)

Isn’t it tonnes of different people, farmers and such.

Farmers and such are not selling power on the Texas wholesale electric grid, no.

Reducing supply is just going to mean to make less money.

Because fossil fuel supplies are limited, you can often make more money selling a small amount onto the market at a high price than a large amount onto the market at a low price.

[–] Wanderer@lemm.ee -3 points 6 months ago (1 children)

Some people ideas of capitalism are so warped.

If there is an energy cartel report them.

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

If there is an energy cartel report them.

I'll notify Ken Paxton right away. I'm sure he'll get right on it.

[–] Wanderer@lemm.ee -4 points 6 months ago

Well done. Don't forgot to attach your evidence.