Topic: Texas Storm to affect electricity prices? (Read 115 times)
Yes the wholesale cost went to $9 / kWh for a couple times. My question is regarding any policiy change or perhaps additional riders to the delivery costs to recoup from losses.
Corrected my disremembering price but still some folks saw a massive increase. One link about it from AP is here. From that link:
Still looking for where I got the $9k/MWh from as it still is ringing a loud bell.
Quote from: https://apnews.com/article/texas-high-electric-bills-explained-aa77ff97be48bf2c8fabfdc2e4a6d08c
Among them is Susan Hosford of Denison, Texas. On a typical February day, she pays Griddy less than $2.50 for power. But the one-day cost spiked to hundreds of dollars after the storm. In all, she was automatically charged $1,346.17 for the first two weeks of February.
Still looking for where I got the $9k/MWh from as it still is ringing a loud bell.
Jesus, that sounds as though Enron were back in business and manipulating electricity prices for their own gain.
The storm in Texas is most likely going to be a black swan event, something that isn't likely to happen again for a long time and I doubt that any effect on electricity prices and/or mining profitability it had will be long-lasting. As far as I know their weather is pretty predictable and the snowstorm was a fluke (though it was no joke to the folks in Texas who went through it).
The storm in Texas is most likely going to be a black swan event, something that isn't likely to happen again for a long time and I doubt that any effect on electricity prices and/or mining profitability it had will be long-lasting. As far as I know their weather is pretty predictable and the snowstorm was a fluke (though it was no joke to the folks in Texas who went through it).
Surprisingly, no talk about it considering that news about many many people are getting very shocking electric bills due the storm thanks to their providers buying power on the spot-market.
Somewhere I saw that the spot price in some regions went from below$0.90/MWh to over $9k/MWh (edit: correction after a quick check - from "a few cents/kWh to over $9/kWh") and that is of course being passed on to the customers...
Somewhere I saw that the spot price in some regions went from below
Anyone in Texas have an idea if the fallout from the winter storm is going to raise rates for industrial consumers here?
Any talk or news about such a thing?
thanks
Any talk or news about such a thing?
thanks
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