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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 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 11 points 1 year ago (1 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.

[–] [email protected] 3 points 1 year ago

sounds about right