this post was submitted on 19 May 2024
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708
Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy (fortune.com)
submitted 6 months ago by pro_grammer@programming.dev to c/technology@lemmy.world
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[–] chiliedogg@lemmy.world 76 points 6 months ago (2 children)

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 25 points 6 months ago (2 children)

|early 2022

Bit late, if you ask me.

[–] Appoxo@lemmy.dbzer0.com 8 points 6 months ago

Whoopsie ¯\_(ツ)_/¯

[–] MeThisGuy@feddit.nl 1 points 6 months ago

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