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Texas power prices soared 20,000% Wednesday evening amid another brutal heat wave.
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Spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.
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The state’s grid operator issued its second-highest energy emergency, then later said conditions returned to normal.
The “some reason” is because it works.
True. They need a scapegoat so they know if they say “low wind and unexpected thermal outaged”, they know people are too stupid to realize they’re saying its NG and/or coal plants playing a large role in the shortfalls and that centralized power NG/coal/nuclear power plants also have unpredictable swings in power (sometimes a 2-3 GW on/off if a large plant shuts down). Yet you can look at the comments on ERCOT to find plenty of people blaming renewables and saying we need to build more of those power stations that failed us in the winter storm in 2021 and have be causing issues this summer as well.