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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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[–] MeThisGuy@feddit.nl 3 points 6 months ago (1 children)

so what's the reason they're the only state independent from the national grid?
they just know better?
guess that's why they call it the lone star state

[–] UnderpantsWeevil@lemmy.world 11 points 6 months ago (2 children)

so what’s the reason they’re the only state independent from the national grid?

https://en.wikipedia.org/wiki/Texas_Interconnection

There's a whole article on it in Wikipedia, but the TL;DR; boils down to "If we're not connected nationally then we don't have to abide by national regulations".

That's ostensibly a cost-saving, assuming you don't think too hard about what's being regulated. But its also a great opportunity to price gouge consumers.

[–] MeThisGuy@feddit.nl 3 points 6 months ago

sounds about right

[–] ChaoticEntropy@feddit.uk 2 points 6 months ago

We're free to do all the great, innovative things we could want! But mostly the sneakiest, underhanded, previously illegal shit we want...