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

• UnderpantsWeevil@lemmy.world ⁨7⁩ ⁨months⁩ ago

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

  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.

  source

  • MeThisGuy@feddit.nl ⁨7⁩ ⁨months⁩ ago

    sounds about right

    source