Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy (fortune.com)
from pro_grammer@programming.dev to technology@lemmy.world on 19 May 2024 15:25
https://programming.dev/post/14301895

#technology

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downpunxx@fedia.io on 19 May 2024 16:15 next collapse

Texas under Republicans is a disaster as an ongoing concern

ladicius@lemmy.world on 19 May 2024 16:30 next collapse

Pretty sure they are happy they don’t have “communism” when they pay those bills.

PrincessLeiasCat@sh.itjust.works on 19 May 2024 16:40 next collapse

Some, but there are a lot of people here who recognize the hypocrisy and trash policies put into place in the state by politicians who do not wish to govern, only consolidate power.

bstix@feddit.dk on 19 May 2024 16:53 collapse

Do this lot of people vote?

cerement@slrpnk.net on 19 May 2024 17:28 next collapse

Texas is really good at gerrymandeirng

bstix@feddit.dk on 19 May 2024 17:48 next collapse

I wish it was possible to vote strongly enough for gerrymandering to be irrelevant.

Another 51% win for Biden will certainly trigger another violent inssurection attempt and another 4 years of inaction.

The best outcome would be a landslide victory if only to show the republican voters that their ideas are not supported by the general public.

djsaskdja@reddthat.com on 19 May 2024 19:25 collapse

51% win for Biden seems insanely optimistic right now.

cerement@slrpnk.net on 19 May 2024 21:46 collapse

it would take so little for Biden to rake in the votes but the Democrats in general seem to be doing everything they can to embarrass themselves even worse than 2016 …

stoly@lemmy.world on 19 May 2024 19:02 collapse

That’s a cop out. There are plenty of terrible people in that state.

[deleted] on 19 May 2024 20:41 collapse

.

PrincessLeiasCat@sh.itjust.works on 19 May 2024 17:45 collapse

They do, but Texas is one of the most difficult states to register to vote. Voter suppression is real and by design.

This explains it well: Texas’s Voter-Registration Laws Are Straight Out of the Jim Crow Playbook

and Analysis: It’s harder to vote in Texas than in any other state

DaBPunkt@lemmy.world on 19 May 2024 18:20 next collapse

I will never get why you have to Register at all

AA5B@lemmy.world on 19 May 2024 22:32 next collapse

There are actual checks and balance to ensure you’re a citizen and you vote at most once

fruitycoder@sh.itjust.works on 20 May 2024 08:41 next collapse

It make sense if it were like the TSA to be honest, bring everything you need to vote or preregister for a faster experience. Would also help if was voting month(s) instead of day so people could comfortably vote.

DaBPunkt@lemmy.world on 20 May 2024 19:05 collapse

Where I live you just get a letter some weeks before the election. With that letter you can vote at the place that is named in the letter (or anywhere in the same city). If you lose the letter you can still vote with your id-card, but only at the place that was named in the letter.

Easy, isn’t it?

anlumo@lemmy.world on 20 May 2024 11:26 collapse

That‘s one of the consequences of not having citizen IDs, because they’re communist.

sugar_in_your_tea@sh.itjust.works on 20 May 2024 01:22 collapse

That’s really dumb. Here in Utah, you sign up online, and you can get a mail ballot online too. I have never actually voted in person, I just fill out my ballot and drop it in one of the collection bins a few days before the election. We can even track our ballot to ensure it gets processed.

Why overcomplicate it? I don’t need to take time off to vote, and I can take my time researching the candidates. Voting should be easy.

Apollo2323@lemmy.dbzer0.com on 19 May 2024 18:07 collapse

Imagine all those Californians that moved to Texas.

stoly@lemmy.world on 19 May 2024 19:01 collapse

Seriously they deserve what they get for not appreciating what they had.

Apollo2323@lemmy.dbzer0.com on 19 May 2024 22:00 next collapse

True.

CerineArkweaver@lemmy.dbzer0.com on 20 May 2024 00:28 collapse

Funny, I was thinking the same of the New Yorkers who moved to Texas. I live in New York (not the City) and yah the state has problems, but you couldn’t pay me to move to a Southern state…

sugar_in_your_tea@sh.itjust.works on 20 May 2024 01:19 collapse

IDK, coming from NYC to TX is probably a net upgrade in a lot of ways, especially if you’re a small business owner or work for one. The laws in NYC are just so bonkers.

Then again, I’m uninterested in moving to TX either. I’m pretty happy here in Utah, and I may move back home to Seattle, WA at some point, or maybe we’ll move to NC. But I’m not moving anywhere further south than NC.

CerineArkweaver@lemmy.dbzer0.com on 20 May 2024 01:41 next collapse

Yah the taxes in NYS (not NYC) are one of the problems I mentioned, but on the other hand I’ve seen what they paid for. As an Upstate NY resident I have a love/hate relationship with NYC. On one hand it causes a lot of funky laws to be passed at the state level. On the other hand it brings in a FUCK TON of tax revenue that Upstate benefits from

fruitycoder@sh.itjust.works on 20 May 2024 08:38 collapse

Honestly Louis Rossmans experience as a small business owner living the real life Kafka novel in new Yorks legal system made me never want to live there.

PrincessLeiasCat@sh.itjust.works on 19 May 2024 16:35 next collapse

We’ve learned nothing from the 2021 winter storm that killed over 200 people.

Mereo@lemmy.ca on 19 May 2024 17:11 next collapse

Rationality is out of the window. Ideology is the new religion. They don’t want to become “socialists” even though they don’t know what it truly means.

cerement@slrpnk.net on 19 May 2024 17:27 next collapse

“Socialism is when capitalism.”

FlashMobOfOne@lemmy.world on 19 May 2024 20:56 collapse

It’s almost scary to think of how bad it would have to get in order for voters to tick the boxes for Greens or Libertarians.

Like, how badly do these fuckers have to fail before you’re willing to shed your partisan jersey and vote to your own benefit?

stankmut@lemmy.world on 19 May 2024 17:38 next collapse

They did change one thing. You used to be able to get electricity at wholesale prices from certain providers. When the rates went crazy during the 2021 storm and people’s crazy bills for turning on the lamp blew up on the news, they shut down that option.

These rate surges do hurt customers, but now it’s in the form of rate increases when their contract expires.

PrincessLeiasCat@sh.itjust.works on 19 May 2024 17:46 collapse

Thank you for the clarification.

downpunxx@fedia.io on 19 May 2024 18:31 next collapse

well we did learn that when shit hits the fan Rafael Edward Cruz likes taking vacay down south of de border way

deranger@sh.itjust.works on 19 May 2024 19:43 next collapse

Instead of requiring weatherization, they allowed power plants to opt out.

Lawmakers on the Senate Business and Commerce Committee were frustrated that the new law allows natural gas companies to opt out of weatherization requirements if they don’t voluntarily declare themselves to be “critical infrastructure” with the state.

texastribune.org/…/texas-power-grid-loophole/

Sam_Bass@lemmy.world on 19 May 2024 20:04 next collapse

Desire for more money overrides literally every other thought for those who have the most

FlashMobOfOne@lemmy.world on 19 May 2024 20:54 next collapse

Correct.

Didn’t the state basically re-elect everyone who oversaw that shit show?

TexMexBazooka@lemm.ee on 19 May 2024 22:42 collapse

Not only did they re-elect them, deregulating the power grid even more was an explicit part of the Republican platform

FlashMobOfOne@lemmy.world on 19 May 2024 22:48 collapse

Partisanship is a hell of a drug.

KillingTimeItself@lemmy.dbzer0.com on 19 May 2024 22:40 next collapse

they almost learned nothing. The grid almost shutdown this time, instead of shutting down…

gravitas_deficiency@sh.itjust.works on 20 May 2024 02:31 next collapse

It’s absolutely wild. The last time around, people died, and a lot more were put into financial hardship due to the shitty, hypercapitalist energy infrastructure. People were rightly ripshit angry about it.

And then nothing was done about any of it.

And then people keep voting for the politicians who created and perpetuated the situation.

It’s really hard to keep giving a shit about people who actively work and vote to make their own lives worse.

baggachipz@sh.itjust.works on 20 May 2024 13:23 collapse

Sure we have: profits are worth more than 200 lives, and counting.

DevCat@lemmy.world on 19 May 2024 16:44 next collapse

WINNING! /s

possiblylinux127@lemmy.zip on 19 May 2024 16:44 next collapse

Click bait story that doesn’t paint the complete picture.

aisteru@lemmy.aisteru.ch on 19 May 2024 17:26 next collapse

What is the complete picture?

db2@lemmy.world on 19 May 2024 18:05 next collapse

What are you, some kind of communist?

/S in case

TexMexBazooka@lemm.ee on 19 May 2024 22:53 collapse

Texans aren’t actually paying those increased prices, not directly anyway.

possiblylinux127@lemmy.zip on 20 May 2024 01:08 collapse

Even if they are, it isn’t necessarily bad thing. If the demand is going above supply you need to decrease demand or increase supply. If you increase cost you decrease demand.

However, the article above doesn’t give enough information to draw conclusions and it doesn’t even have sources.

MeThisGuy@feddit.nl on 20 May 2024 21:15 collapse

or just get a plant of them newfangled sodium battery stacks. they’re all the rage

Entropywins@lemmy.world on 19 May 2024 18:23 next collapse

Seriously, what are we missing?

ShepherdPie@midwest.social on 19 May 2024 18:48 next collapse

They cropped the edges from the article photo.

possiblylinux127@lemmy.zip on 20 May 2024 01:06 collapse

The entire background. The article is vague and is designed to get people upset. They don’t give any more information other than some crazy sounding percentages.

KillingTimeItself@lemmy.dbzer0.com on 19 May 2024 22:46 collapse

good thing you’re only possibly linux. If you were fully linux i’d be retiring from life.

RememberTheApollo_@lemmy.world on 19 May 2024 18:25 next collapse

Welcome to your deregulated “free market”, Texas. Don’t want to be tied to government regulation? Guess you get to pay more or cook…or freeze. Your choice by season.

profdc9@lemmy.world on 19 May 2024 20:45 collapse

This is Enron-scale manipulation. Someone’s ripping off the public and making a mint with the help of the regulators.

TexMexBazooka@lemm.ee on 19 May 2024 22:41 next collapse

The vast majority of Texans are on contracted plans and pay a consistent price per kilowatt.

That doesn’t mean prices won’t skyrocket when that contract renews though

ramble81@lemm.ee on 19 May 2024 23:33 collapse

Jerry Jones, yeah same one that owns the Cowboys, made almost $1B off the price hikes durning the big freeze that almost crippled the grid.

Thrashy@lemmy.world on 19 May 2024 19:56 next collapse

It’s not a coincidence that Texas is a hotbed of development for “microgrid” systems to cover for when ERCOT shits the bed – and of course all those systems are made up of diesel and natural gas generator farms, because Texans don’t want any of that communist solar power!

I’ve got family in Texas who love it there for some reason, but there’s almost no amount of money you could pay me to move there. Bad enough when I have to work on projects in the state – contrary to the popular narrative, in my personal opinion it’s a worse place than California to try and build something, and that’s entirely to do with the personalities that seem to gravitate to positions of power there. I’d much rather slog through the bureaucracy in Cali than tiptoe around a tinpot dictator in the planning department.

Etterra@lemmy.world on 19 May 2024 20:10 next collapse

Not to mention their Governor, who seems to be in a race with FL’s Governor for the “evil monster of the century award.”

TexMexBazooka@lemm.ee on 19 May 2024 22:41 collapse

Governor hot wheels!

Ragnarok314159@sopuli.xyz on 20 May 2024 01:33 next collapse

I am a power grid engineer and we are quoting multiple solar systems with BESS capabilities a month for Texas. It’s not all diesel.

Thrashy@lemmy.world on 20 May 2024 01:52 collapse

I exaggerate – but Magic Rock is doing booming business installing strings of natural gas generators at Buc-ee’s across the state, and I’m currently dealing with an institutional client who wanted to provide backup power for a satellite campus, and didn’t even stop to consider battery-backed PV on the way to asking for a natural gas generator farm.

vaultdweller013@sh.itjust.works on 20 May 2024 05:11 collapse

At least we’re trying to make reforms to our bureaucracy here in California, the problems mostly originate on the county and city levels. As for why the state is/was rather decentralized relatively speaking, well its cause we roughly the size of Great Britain (the island not the empire) and half the state is mountainous to some degree.

Gerudo@lemm.ee on 19 May 2024 20:18 next collapse

I live in Texas and have already received 2 notices this spring to conserve electricity. It has barely hit 90, and they aren’t able to keep up with demand. They get the same weather reports we have access to, up to 14-21 days, yet they can’t/won’t anticipate demand?

chiliedogg@lemmy.world on 19 May 2024 22:39 next collapse

It’s almost like they have a financial incentive to pull this shit.

In 2000/2001 this same shit was being done in California, leading to rolling blackouts and record-high energy prices. One company was buying all the plants and shutting them down for “maintenance” specifically to increase energy prices.

There were going to be congressional hearings over it in early 2022, but that company was Enron, and at the end of 2001 they collapsed due to other bullshit they were pulling.

randon31415@lemmy.world on 19 May 2024 23:49 next collapse

|early 2022

Bit late, if you ask me.

Appoxo@lemmy.dbzer0.com on 20 May 2024 05:32 next collapse

Whoopsie ¯\_(ツ)_/¯

Mongostein@lemmy.ca on 20 May 2024 06:10 collapse

2002

MeThisGuy@feddit.nl on 20 May 2024 21:05 collapse

worse in CA was PG&e causing devastating forest fires because they refused to shut of the power and had insufficient line maintenance

Voroxpete@sh.itjust.works on 20 May 2024 02:32 collapse

Fun fact, in case you weren’t aware; Texas pays bitcoin mining companies to shut off their rigs during peak demand.

Miners love this; in effect they can just threaten to mine bitcoin and get paid as much as they would have made actually mining bitcoin, but without the wear and tear on their expensive hardware. It’s a legalized extortion racket being enacted on the public purse.

Apologies if I just gave you even more reason to be angry.

MeThisGuy@feddit.nl on 20 May 2024 21:02 collapse

didn’t mining costs just double? gl with that

Voroxpete@sh.itjust.works on 21 May 2024 15:31 collapse

Effectively, yes. But that just makes extorting the government even more effective in comparison. Better to just get paid not to mine.

profdc9@lemmy.world on 19 May 2024 20:42 next collapse

I guess they’ll have to shut down their bootstrap-pulling engines for awhile.

Napain@lemmy.ml on 19 May 2024 22:16 next collapse

shouldn’t there be an abundance of energy if its hotter?

KillingTimeItself@lemmy.dbzer0.com on 19 May 2024 22:37 next collapse

it’s texas, their power grid doesn’t work.

echodot@feddit.uk on 19 May 2024 22:55 collapse

The Texan power grid works fine. It only has problems when it’s hot or cold.

anton@lemmy.blahaj.zone on 19 May 2024 23:31 next collapse

The system works great all year round but what it delivers is not electricity…

KillingTimeItself@lemmy.dbzer0.com on 20 May 2024 02:06 collapse

which is probably why i think it doesn’t work.

Because yknow, texas, never gets hot… Or cold…

TexMexBazooka@lemm.ee on 19 May 2024 22:52 collapse

How is that supposed to work?

randon31415@lemmy.world on 19 May 2024 23:50 collapse

Temperature is the measure of average thermal kinetic energy of particles…

Wanderer@lemm.ee on 19 May 2024 22:21 next collapse

Good way to cause expansion renewables and batteries.

Cignul9@lemmy.world on 20 May 2024 01:24 collapse

Yup. Central Texas here. Have a 14kW solar system and 28kWh of battery backup. I haven’t touched the grid in months. Fuck these assholes.

Wanderer@lemm.ee on 20 May 2024 02:14 collapse

I actually meant grid level expansion. But that too.

All they have done is free market supply and demanded the grid. That’s why Texas has more solar than any other state, the market is working. Though it does have some downsides.

Snapz@lemmy.world on 19 May 2024 22:42 next collapse

So I assume that ted cruz flees to ski somewhere this time? And does he still blame his daughters, or does that change as well?

Raxiel@lemmy.world on 20 May 2024 06:36 collapse

Maybe he’s not fleeing the states crumbling infrastructure, maybe he’s taking his wife and/or daughter(s) for out of state abortions.

Better Sue him to be on the safe side.

masquenox@lemmy.world on 19 May 2024 23:47 next collapse

Bookmarking this for the next time white supremacists here in good ole’ South Africa peddles the “privatisation is the only thing that will fix our electricity problems!” bullcrap.

Thanks, Texas!

piecat@lemmy.world on 20 May 2024 01:12 collapse

No no no, that’s not true privatization. True privatization would fix all the problems

whoisearth@lemmy.ca on 20 May 2024 11:49 next collapse

Satire on point.

<img alt="" src="https://lemmy.ca/pictrs/image/bfe5a91c-be26-49e8-8248-511b79433623.gif">

Blackmist@feddit.uk on 20 May 2024 13:17 collapse

Privatisation can only work if the end consumers have genuine choice.

In the UK electricity is privatised and I can pick from dozens of companies. This honestly works pretty well, and you can pick the cheapest depending on when you use electricity and how much. It’s the same infrastructure no matter who you pick, but that seems handled fairly well. Same with internet providers.

We also privatised water, and we just get given a company to rule over each area of the country. Unsurprisingly, given the consumer has no recourse other than “have no water” this is an absolute fucking shit-show. They’ve not invested in enough reservoirs, nor sewage handling, and instead lobby the government to make it legal to just put it in the rivers instead. It’s the same story with trains.

exanime@lemmy.today on 20 May 2024 01:40 next collapse

Enjoy the freedom!

gravitas_deficiency@sh.itjust.works on 20 May 2024 02:21 next collapse

Lol so how’s that “deregulated freedom” working out for you, Texans?

Wanderer@lemm.ee on 20 May 2024 11:46 collapse

“Last year, Texas overtook California in large-scale solar power capacity. When huge amounts of solar power rush onto the grid, batteries tend to follow. Now, Texas is building more grid batteries than California, the longtime undisputed leader in clean energy storage.”

canarymedia.com/…/texas-will-add-more-grid-batter…

puppy@lemmy.world on 20 May 2024 12:43 next collapse

You didn’t answer their question though. You gave an example of how power companies are doing, not how texans are doing.

Also, if Texas is having record solar installations, why is power so expensive?

lucas@fitt.au on 20 May 2024 12:45 next collapse

@puppy @Wanderer Greed?

bluewing@lemm.ee on 20 May 2024 14:01 next collapse

While I don’t think the way Texas has the regulations setup is a good idea, one has to look more at the ‘whole picture’ and do the math. Is the low cost periods low enough that when you get ‘gouged’ by the spikes, what was the total average cost? If the spikes are taken as a average over time, then maybe it works out in the consumer’s favor or at worst break even, then it might be worth it. Or maybe it doesn’t But I honestly don’t know. I don’t have the numbers in front of me to do the math, I’m a 1000+ miles away from Texas.

Edit to add: I don’t know just how much extra electricity Texas will need to buy, but I would assume they will be buying a noticeable amount. And the cost of electricity is VERY expensive in the spot market. It’s why my co-op is doing major upgrades to the hydro-electric dam. To increase the efficiency and reduce the need to buy expensive spot market power.

And without a good way to store the excess power generated, solar and wind aren’t very good for peak loads. You can’t merely flip a switch and spool up more power than a solar panel or wind generator can produce. Clouds reduce efficiency, insufficient or too much winds shut down wind generators. And despite having more alternative generation than everyone’s hero - California, it still not enough to carry the whole load. Consumers are raising demand far faster than enough infrastructure can be built out to supply that demand. So for peak loads, natural gas generators are used because they can be turned on and off quickly as needed. This adds excess cost.

The installation of storage batteries farms is fantastic. But it will take time and it will add cost to consumers electric bill.

And despite some tankie’s beliefs, nothing is free - it all costs something. I’m a member of a tiny rural electric co-op. The co-op needs to make a profit to afford maintenance and upgrades to our tiny grid. Our power is generated by a hydro-electric dam and my rates have gone up this year to to cover the costs of some major maintenance on the dam and the addition of 3 new linemen to keep the electricity flowing to my heat pump that the co-op incentivizes and highly encourages.

Wanderer@lemm.ee on 20 May 2024 19:50 collapse

Its wholesale prices, it’s what they do. Same in Europe same in Australia.

Texas looks fairly middle of the pack with decreasing prices. Compare it to another state with high levels of renewable and California is second highest after some islands and has increasing prices.

www.cnet.com/home/…/electricity-rates-by-state/

n3m37h@sh.itjust.works on 20 May 2024 12:57 next collapse

And yet prices still surged 1600%

orrk@lemmy.world on 20 May 2024 13:00 next collapse

why would you think that any of this effects prices?

n3m37h@sh.itjust.works on 20 May 2024 13:42 collapse

It should reduce the costs, but Texas is so fucked…

gravitas_deficiency@sh.itjust.works on 20 May 2024 16:32 next collapse

You are free… to pay as much as you possibly can for electricity.

orrk@lemmy.world on 21 May 2024 14:59 collapse

why? what mechanism forces them to lower prices? the same that keep corporate profits at record highs year after year? we recently saw just how silly the idea of competition making anything cheaper is when every, even tho, there was no reason for doing so, started upping the prices of groceries, because they could.

DMBFFF@lemmy.world on 20 May 2024 20:19 collapse

The higher the percentage, the greater the incentive.

Ibaudia@lemmy.world on 20 May 2024 13:02 next collapse

Seems good for industry and bad for the actual populous, considering things like this can still happen lol.

BarbecueCowboy@lemmy.world on 20 May 2024 15:59 next collapse

This does bring up kind of an interesting question for me at least.

I would expect that a significant contributor to the surge prices is from HVAC units and similar needing to work harder/etc. My brain also feels like solar panels are likely to work better when it’s warmer, but I realize that I don’t have any proof of that or know how that would work beyond ‘when hot, feels like more sun rays, more sun rays good for solar?’.

On to the question, do solar panels work better in warmer temperatures and does output of solar panels scale anywhere close to comparatively with ambient temperature and/or need for HVAC and similar systems?

thedeadwalking4242@lemmy.world on 20 May 2024 16:08 next collapse

Solar works worse in higher temps

DMBFFF@lemmy.world on 20 May 2024 20:17 collapse

Is this all solar or just PVCs?

UnderpantsWeevil@lemmy.world on 20 May 2024 19:29 collapse

I would expect that a significant contributor to the surge prices is from HVAC units and similar needing to work harder/etc.

That’s one end of the equation. But the other end is in how we’re replacing coal plants with natural gas plants.

Coal plants are significantly slower to respond to market demand (on the scale of hours to increase/decrease supply), so they need to be run at a higher output on a longer time frame as electricity demands rise. Because ERCOT auctions electricity demand in 15 minute intervals, coal plants can’t meet a short spike in demand before its come and gone. Natural gas plants don’t have this problem. They can sit on their reserve fuel until the prices peak and then flood the grid with electricity on short notice.

As coal plant profitability sinks relative to gas plant cartels, the volume of electricity we produce becomes more and more easy to rig within the ERCOT auction markets. HVACs going into overdrive in the evening (typically between 3-7pm) signal a potential spike in demand. But gas plant operators get to wait until the electricity auction realizes those high prices, rather than producing electricity in advance and hoping you get to ride a wave through sunset.

do solar panels work better in warmer temperatures and does output of solar panels scale anywhere close to comparatively with ambient temperature and/or need for HVAC and similar systems?

A lot of the heat in cities like Houston comes from the humidity combined with the sun, so a bit of breeze can drastically impact the gross demand for electricity. Meanwhile, electric components of all sorts (photovoltaics included) perform worse in the heat. Breeze can also impact electricity available from wind turbines, which further shift prices.

Batteries can help renewable energy companies hedge against peak production relative to peak consumption. But, again, a private market maker still wants to chase the highest returns. So putting a bunch of quick-to-discharge batteries on a grid alongside quick-to-ramp-up natural gas turbines means… more cartel price fixing.

A_Random_Idiot@lemmy.world on 20 May 2024 16:18 next collapse

what kind of woke liberal socialism is this?

don’t they know those solar power panels will use up all the sun! What will happen when we run out of sun?! /s

gravitas_deficiency@sh.itjust.works on 20 May 2024 16:34 next collapse

Probably the same thing that will happen to all the athletes once they run out of their finite lifetime supply of energy :(

Wanderer@lemm.ee on 20 May 2024 19:23 collapse

Its just free market capitalism.

They also have more than double the wind power of any other state.

A_Random_Idiot@lemmy.world on 20 May 2024 21:19 collapse

Thats not capitalism. Capitalism doesnt involve that evil demonrat satan technology like wind and solar! /s

Wanderer@lemm.ee on 20 May 2024 23:08 collapse

Just because people in Texas are wrong about what capitalism is doesn’t mean people on this website can’t also be wrong, quite often even more so.

A_Random_Idiot@lemmy.world on 21 May 2024 00:53 collapse

You must be a blast at parties.

Wanderer@lemm.ee on 21 May 2024 01:09 collapse

Only when it’s really well organised fun.

But this website has the lowest economic literacy I have ever seen. It’s really dangerous that people might think the majority know what they are talking about.

UnderpantsWeevil@lemmy.world on 20 May 2024 19:19 collapse

So, this is definitely good from an infrastructure perspective. But because the infrastructure is all privately owned and operated in pursuit of profit, the cost problem isn’t solved by the new capital.

Much like with all the new natural gas electric plants, these battery centers simply exist to exploit the short periods of time in which Texas electricity prices jump from $25 Mwh to $3000 Mwh. As the cartels sink their claws deeper into the retail market, the possibility of enormous price spikes increase, with base loads falling and surge pricing becoming much more common.

Wanderer@lemm.ee on 20 May 2024 19:25 collapse

It’s not a cartel risk. It’s a supply and demand equation. More supply means lower prices.

It’s just market prices.

UnderpantsWeevil@lemmy.world on 20 May 2024 19:32 next collapse

It’s not a cartel risk. It’s a supply and demand equation.

Cartels love industries with inelastic demand.

It’s just market prices.

Markets aren’t magic. Prices are a consequence of human decisions. And if you can withhold electricity from the grid to maximize returns (by forming a cartel with other producers) you can drive those prices up when people can least afford to reduce consumption.

Wanderer@lemm.ee on 20 May 2024 19:41 collapse

Isn’t it tonnes of different people, farmers and such. Too many for a cartel to form. Reducing supply is just going to mean to make less money.

Batteries are making the grid a lot more elastic.

UnderpantsWeevil@lemmy.world on 20 May 2024 20:06 collapse

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 on 20 May 2024 20:09 collapse

Some people ideas of capitalism are so warped.

If there is an energy cartel report them.

UnderpantsWeevil@lemmy.world on 20 May 2024 20:21 collapse

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 on 20 May 2024 21:09 collapse

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

snooggums@midwest.social on 20 May 2024 20:33 collapse

So weird that other states are able to avoid such ridiculous price swings and are able to mitigate most of the downtime caused by extreme weather disruptions than Texas is unable to handle.

hperrin@lemmy.world on 20 May 2024 02:44 next collapse

I bet those businesses who relocated from Cali to Texas are loving those power prices.

Oh yeah, they already left Texas.

x0x7@lemmy.world on 20 May 2024 03:05 collapse

Besides that one time power goes out more often in California. In Texas you just have a temporary price surge you could treat like a blackout if you wanted to. The difference is it’s less often and you have a choice.

hperrin@lemmy.world on 20 May 2024 03:08 next collapse

I haven’t had a power outage in about ten years, between SDG&E, PG&E, and SoCal Edison. Meanwhile, Texas has regular power outages. So just what are you on about?

altima_neo@lemmy.zip on 20 May 2024 04:52 collapse

Texans being Texans

GnuLinuxDude@lemmy.ml on 20 May 2024 03:11 next collapse

Maybe power is more reliable in central Texas, my family still has no electricity from the derecho that hit Houston. And they lose power frequently from all the heavy storms or hurricanes that pummel the gulf coast.

Eww@lemmy.world on 20 May 2024 07:37 collapse

Like the time people were freezing to death during a power outage while the governor took a vacation to Cancún?

riodoro1@lemmy.world on 20 May 2024 08:21 next collapse

Exactly, they were too poor to heat their homes and that was their choice.

webadict@lemmy.world on 20 May 2024 17:23 collapse

The biggest mistake a lot of people make is being born poor.

whyrat@lemmy.world on 20 May 2024 12:22 collapse

*Senator

andros_rex@lemmy.world on 20 May 2024 20:22 collapse

Yeah, if you want a governor abandoning his people, look to Kevin Stitt (Oklahoma) last year when Tulsa was without power for about a week. Lieutenant Governor was out too, literally no one had any idea who was in charge of the state.

altima_neo@lemmy.zip on 20 May 2024 04:52 next collapse

Everything’s bigger in Texas, even the power bill.

Olgratin_Magmatoe@lemmy.world on 20 May 2024 13:13 collapse

Everything is bigger in Texas

* Except the paycheck

wafflez@lemmy.world on 20 May 2024 05:41 next collapse

What year in a row ia this?

lemmyvore@feddit.nl on 20 May 2024 19:20 collapse

I don’t know but it started making international news during the pandemic, so at least 5th.

FreakinSteve@lemmy.world on 20 May 2024 08:06 next collapse

Buttma taxes

fne8w2ah@lemmy.world on 20 May 2024 11:34 next collapse

Greed and incompetience. No wonder Texas has been resistant to federal regulation and interconnect its power network with the rest of the country.

postmateDumbass@lemmy.world on 20 May 2024 12:55 next collapse

The Enrons are Enroning the faces.

magnetosphere@lemmy.world on 20 May 2024 16:05 next collapse

Oh, Texas. Your power grid is an endless source of amusement (for people who don’t have to rely on it, of course).

UnderpantsWeevil@lemmy.world on 20 May 2024 19:16 next collapse

Losing power for three days, but knowing my energy bill will be twice as high as last months is always a cool feeling.

magnetosphere@lemmy.world on 20 May 2024 19:23 next collapse

Smartass remarks aside, you have my sympathies.

UnderpantsWeevil@lemmy.world on 20 May 2024 19:32 collapse

I mean, I work in the O&G industry. Y’all have every right to be as smartass as you please.

MeThisGuy@feddit.nl on 20 May 2024 20:56 collapse

so what’s the reason they’re the only state independent from the national grid?
they just know better?
guess that’s why they call it the lone star state

UnderpantsWeevil@lemmy.world on 20 May 2024 21:04 collapse

so what’s the reason they’re the only state independent from the national grid?

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.

MeThisGuy@feddit.nl on 20 May 2024 21:07 next collapse

sounds about right

ChaoticEntropy@feddit.uk on 21 May 2024 13:23 collapse

We’re free to do all the great, innovative things we could want! But mostly the sneakiest, underhanded, previously illegal shit we want…

guacupado@lemmy.world on 21 May 2024 16:37 collapse

Everything’s bigger in Texas.

Especially the incompetence.

guacupado@lemmy.world on 21 May 2024 16:37 collapse

The reason Texans hate government so much is because they have no idea what it looks like when it’s run correctly.

Sam_Bass@lemmy.world on 20 May 2024 19:18 next collapse

The weather has absolutely nothing to do with that

bolexforsoup@lemmy.blahaj.zone on 20 May 2024 19:39 collapse

spoiler

sdfsaf

Crikeste@lemm.ee on 20 May 2024 19:20 next collapse

Gotta love capitalism.

DMBFFF@lemmy.world on 20 May 2024 20:15 next collapse

particularly if you have lots of PVC cells to sell.

atrielienz@lemmy.world on 20 May 2024 20:17 collapse

Gotta love unregulated capitalism.

unreasonabro@lemmy.world on 20 May 2024 19:23 next collapse

shitty cruel systems texas likes to inflict on its citizens, the gun-totingest murican motherfuckers there are. kinda surprised they just bend over and take it. guess gun toting losers really are just losers

MeThisGuy@feddit.nl on 20 May 2024 20:53 collapse

nothing but steers and queers in texas

DMBFFF@lemmy.world on 21 May 2024 23:32 collapse

my favourite scene of that movie is when that drill instructor got shot.

www.youtube.com/watch?v=qOZg8arCICU

youtu.be/nT8Q6j1amz8?t=1150 (cued)

PipedLinkBot@feddit.rocks on 21 May 2024 23:33 collapse

Here is an alternative Piped link(s):

https://www.piped.video/watch?v=qOZg8arCICU&t=6s

https://piped.video/nT8Q6j1amz8?t=1150

Piped is a privacy-respecting open-source alternative frontend to YouTube.

I’m open-source; check me out at GitHub.

DMBFFF@lemmy.world on 20 May 2024 20:14 next collapse

Texas indeed has been blessed with much sunlight to make solar energy quite viable. This includes solar hot water heaters, and many trees to grow with vigour and bio-filtrate.

MeThisGuy@feddit.nl on 20 May 2024 20:51 next collapse

I love me some bio-filtrate

FlyingSquid@lemmy.world on 21 May 2024 13:29 collapse

and many trees to grow with vigour

Not so vigorous when climate change causes a massive drought.

DMBFFF@lemmy.world on 21 May 2024 22:47 collapse

They have 591 km of coastline.

lots of salt water + lots of solar energy = lots of desalinated water

FlyingSquid@lemmy.world on 21 May 2024 22:48 collapse

What do you do with all the leftover toxic brine?

DMBFFF@lemmy.world on 21 May 2024 23:40 collapse

Presumably it’s toxic mostly because of the concentration of salt.

If it can’t be used—and up north salt is used in winter for roads—it can be cleaned a bit, diluted with more seawater and discharged back into the ocean.

((the brine of 1 mass unit of seawater that’s been desalinated) + 20 units of regular seawater) ÷ 20 = 20 units of 5% saltier seawater discharged

FlyingSquid@lemmy.world on 21 May 2024 23:43 collapse

You make it sound so safe and easy. It isn’t.

archive.ph/V64Cq

sciencenews.org/…/desalination-pours-more-toxic-b…

DMBFFF@lemmy.world on 22 May 2024 01:24 collapse

What is their ratios-of-brine to seawater do they use?

FlyingSquid@lemmy.world on 22 May 2024 10:43 collapse

It’s nice that you think you, without any experience in the matter, can solve problems with desalination that engineers in the field can’t, but I doubt you are actually able to.

DMBFFF@lemmy.world on 22 May 2024 20:39 collapse

My question isn’t totally rhetorical: I’m but an pseudonymous person on the internet.

Also, I don’t think it’s an engineering problem as much as a political one.

tal@lemmy.today on 21 May 2024 01:08 next collapse

Texas has also become a hotbed for bitcoin mining, adding to electricity demand, as the state’s deregulated power market and abundance of cheap natural gas became attractive to the energy-intensive sector.

Hmm.

That actually might make a lot of sense.

So, if Texas has inexpensive electricity most of the time, but also has occasional high price spikes…bitcoin mining is something where you do not need power now. Sure, you’re losing money on your hardware and space if it’s not running, but my guess is that bitcoin miners probably can do just fine shutting their systems down when prices rise above a certain point. That would tend to smooth out electricity prices.

I’d been trying to think of electricity users that could defer usage and use a lot of electricity, which are something that you want if you have wildly-varying demand and want to smooth it out, and I suppose that coin mining is actually probably a pretty good example.

abeorch@lemmy.ml on 21 May 2024 09:26 collapse

There is a lot of work happening in thermal mass storage for industrial heat demand (currently most industrial processes use Natural Gas to supply heat) .

Almost all Data Centre activity could be priced relative to electricity price allowing dynamic scaling.

edboythinks@lemmy.world on 21 May 2024 13:11 collapse

uh oh, somebody did a capitalism