Comment on Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy

RememberTheApollo_@lemmy.world ⁨5⁩ ⁨months⁩ ago

• profdc9@lemmy.world ⁨5⁩ ⁨months⁩ ago

  This is Enron-scale manipulation. Someone’s ripping off the public and making a mint with the help of the regulators.

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  • ramble81@lemm.ee ⁨5⁩ ⁨months⁩ ago

    Jerry Jones, yeah same one that owns the Cowboys, made almost $1B off the price hikes durning the big freeze that almost crippled the grid.

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  • TexMexBazooka@lemm.ee ⁨5⁩ ⁨months⁩ ago

    The vastly majority of Texans are on contracted plans and pay a consistent price per kilowatt.

    That doesn’t mean prices won’t skyrocket when that contract renews though

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