Posted on 02/17/2021 4:24:06 PM PST by Pining_4_TX
The electricity shortage in Texas amid the cold snap has sent spot electricity prices soaring so much that the surge in power prices equals a cost of $900 for charging a Tesla.
The typical full charge of a Tesla costs around $18 using a Level 1 or Level 2 charger at home, according to estimates from The Drive. This estimate is based on an average price of $0.14 per kWh of power.
However, the extreme winter weather this week has sent Texas spot electricity prices soaring, as the wind turbines froze in the ice storms and reduced the wind power generating capacity in the Lone Star State by half.
Spot electricity prices at the West hub have soared above the grid’s $9,000 per megawatt-hour cap, compared to a ‘normal’ price of $25 per megawatt-hour, FOX Business notes.
(Excerpt) Read more at oilprice.com ...
That rate is legalized piracy.
While I feel badly for Texans right now, including several friends, for those who’ve drank the global warming cool aid...Bwahhaaahhhhaaaaahhhhhaaa
Massive rollout of electric cars in the works with no major improvement in the electric grid capacity—even the dumbest apes could do better....
Sorry but I have little sympathy for green elitists.
Lost in the numbers. What does this mean for the typical homeowner with an electric heat pump? 2x higher bill? 3x,4x,5x?
That rate is legalized piracy.
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Supply and demand.
So where did you get your electrical engineering degree?
Incompetency tax.
When gas prices are raised to $9 a gallon after a hurricane, I think that’s a punishable crime called price gouging.
How is this different?
My bicycle is free to use in any kind of weather.
Yeah but... The electricity comes from the plug in the wall. it’s free.
Can’t they just get one of those little red gas cans and fill it with protons and fill up at the proton station when they run out???
Think about Florida after a hurricane. The infrastructure is all messed up but some gas station manages to open up — “Sure, I can give you a tank full of gas. But it’ll cost you $900.”
That’s called price gouging, and the government frowns on it.
Prices are a way of allocating resources. If the prices rise, people will naturally conserve and there will be an incentive to increase supply. It’s painful at first, but it works. Like Reagan deregulating energy prices. They shot up at first, but quickly came down.
America is not a Laissez faire economy.
It just keeps getting better
“That rate is legalized piracy.“
Why ?
Why should the market not dictate pricing ?
“Spot electricity prices at the West hub have soared above the grid’s $9,000 per megawatt-hour cap, compared to a ‘normal’ price of $25 per megawatt-hour,”
A crime (enacted by snowflakes, no doubt), but that doesn’t negate the laws of supply and demand.
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