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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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[–] 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...