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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 5 months ago by pro_grammer@programming.dev to c/technology@lemmy.world

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[–] UnderpantsWeevil@lemmy.world 4 points 5 months ago (1 children)

Isn’t it tonnes of different people, farmers and such.

Farmers and such are not selling power on the Texas wholesale electric grid, no.

Reducing supply is just going to mean to make less money.

Because fossil fuel supplies are limited, you can often make more money selling a small amount onto the market at a high price than a large amount onto the market at a low price.

[–] Wanderer@lemm.ee -3 points 5 months ago (1 children)

Some people ideas of capitalism are so warped.

If there is an energy cartel report them.

[–] UnderpantsWeevil@lemmy.world 1 points 5 months ago (1 children)

If there is an energy cartel report them.

I'll notify Ken Paxton right away. I'm sure he'll get right on it.

[–] Wanderer@lemm.ee -4 points 5 months ago

Well done. Don't forgot to attach your evidence.