(Natural News) The wholesale electricity prices in Texas are soaring as the cold snap drastically reduced the state’s power generating capacity. On Monday, spot electricity prices at the West hub surpassed the grid’s $9,000 per megawatt-hour cap, a staggering increase from the average price of $25 per megawatt-hour. The surge is equivalent to the cost of […]
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-(Natural News) The wholesale electricity prices in Texas are soaring as the cold snap drastically reduced the state’s power generating capacity. On Monday, spot electricity prices at the West hub surpassed the grid’s $9,000 per megawatt-hour cap, a staggering increase from the average price of $25 per megawatt-hour. The surge is equivalent to the cost of […]