- Texas power prices soared 20,000% Wednesday evening amid another brutal heat wave.
- Spot electricity prices topped $5,000 per megawatt-hour, up more than 200 times from Wednesday morning.
- The state’s grid operator issued its second-highest energy emergency, then later said conditions returned to normal.
Texas power prices soared 20,000% Wednesday evening amid another brutal heat wave that forced the state’s grid operator to issue an emergency alert.
By 8:20 pm local time Wednesday, spot electricity prices had topped $5,000 per megawatt-hour, up more than 200 times from that morning, according to the Dallas Morning News.
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