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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHoly power spikes batman.. $9k/MWh in TX!!!
Some texans not under contract (paying spot pricing) are in for sticker shock, and everyone else is gonna get soaked over time.
So $9k MWh is $9 KWh. Normally prices are in the range of $0.10 KWh.
So bills that would normally be about $200 /month are gonna be $20k if my math is right here.
Meowch!!!!!
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Holy power spikes batman.. $9k/MWh in TX!!! (Original Post)
getagrip_already
Feb 2021
OP
drray23
(7,637 posts)1. the wonders of deregulation gop style.nt.
jpak
(41,759 posts)2. Sock it to 'em!
And good luck with that TX QGOP!
Dawson Leery
(19,348 posts)3. Just another reason I would never live in Texas.
ProfessorGAC
(65,168 posts)4. They Won't Pay It
They can't.
And cutting everybody off would be a business apocalypse for the generators.
The generators & transmission folks are going to have to eat it, or Texas is heading for an economic meltdown.
durablend
(7,464 posts)5. Or more likely come crying for a bailout
ProfessorGAC
(65,168 posts)6. Certainly Possible
But, expecting people or small business to absorb a 9000% increase is unrealistic.
The energy traders are likely to take a beating too. I don't know that they are too big to fail. They might just fail.