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(Business Insider)   Texas electricity prices spiked 400% in 24 hours, as factories printing "I did that" stickers used up all the electricity while Greg Abbott was busy owning the libs. This is not a repeat of 2021   (markets.businessinsider.com) divider line
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    More: Fail, Texas, parts of the state, power prices, San Antonio, power grid meltdown, Friday evening, cold spell, necessary equipment  
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5407 clicks; posted to Politics » on 25 Dec 2022 at 5:50 PM (12 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



246 Comments     (+0 »)
View Voting Results: Smartest and Funniest


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vudukungfu [TotalFark]
2022-12-25 1:01:11 PM  
Violently proud of their unsustainablity
 
Marcus Aurelius [TotalFark] [OhFark]
2022-12-25 1:07:05 PM  
The Enron pricing gouging system is alive and well in Texas.
 
RolandTGunner [TotalFark]
2022-12-25 1:12:51 PM  
Well if I'd known that I would have turned off my heater.
 
Znuh [TotalFark] [OhFark]
2022-12-25 1:16:53 PM  
A system bent on punishing its users either through outages or pricing.
 
fragMasterFlash [TotalFark] [OhFark]
2022-12-25 1:33:23 PM  
But somehow the busloads of migrants arrived at the Vice President's residence on time in the middle of a frickin blizzard.

/nice priorities you've got there, shiatkickers
 
edmo [TotalFark] [OhFark]
2022-12-25 1:33:27 PM  
Automated price gouging is as American as it gets.
 
Benevolent Misanthrope [TotalFark] [OhFark]
2022-12-25 1:36:46 PM  
Somebody check flight manifests for Cancun...

Fark user imageView Full Size
 
Jake Havechek [TotalFark]
2022-12-25 1:40:45 PM  
Put on your fingerless gloves and read Atlas Shrugged by candle light.
 
cretinbob [TotalFark] [OhFark]
2022-12-25 1:45:32 PM  
So pre-paid electric meters don't sound so dumb now,huh?
Can't be charged for electric if you don't have el,ha.
 
Unobtanium [TotalFark] [OhFark]
2022-12-25 1:47:08 PM  
Back when Georgia was first discussing utility "competition" everyone seemed to think electricity would be first. Turned out it was natural gas.

I remember going to a "home improvement expo" and the stand-by generator booths were promoting generators because electrical market competition would lead to unreliable power.

Again, natural gas got market competition first. Whether gas or electric, it's stupid. Gas companies haven't built new distribution pipeline systems to "compete." The gas comes through the same pipes it did before. And it's not like Georgia Power or the Electric Membership Cooperatives were going to string competing parallel systems.

The only saving grace of natural gas competition is that it killed off any idea of doing the same thing with electrical service. We just sign up for whatever fixed price contract for gas we can get when it comes up for renewal. I'd hate to be on a variable price plan in this weather.
 
LordOfThePings [OhFark]
2022-12-25 2:10:23 PM  
My tank of eels doesn't seem so stupid now, does it!
 
Shostie [TotalFark]
2022-12-25 2:19:44 PM  

cretinbob: Can't be charged for electric if you don't have el,ha.


Pricipal sayof el.ha?
 
aleister_greynight [TotalFark]
2022-12-25 3:18:20 PM  
So, a repeat of last year huh?
 
arrogantbastich [TotalFark]
2022-12-25 4:15:02 PM  
What does it matter what it costs when your power is off?
 
SurfaceTension [TotalFark] [OhFark]
2022-12-25 4:25:07 PM  

Jake Havechek: Put on your fingerless gloves and read Atlas Shrugged by candle light.


Use it for kindling
 
arrogantbastich [TotalFark]
2022-12-25 5:01:59 PM  

SurfaceTension: Jake Havechek: Put on your fingerless gloves and read Atlas Shrugged by candle light.

Use it for kindling


Masturbation material.
 
433 [TotalFark]
2022-12-25 5:03:45 PM  
TFA is missing a lot of information.  Where in Texas did this happen other than "parts of it?"  Who are the customers for whom the price rose, what competitive plans are they on that allowed for demand pricing?  Without more information, it's barely an article, just a tweet.
 
2wolves [TotalFark]
2022-12-25 5:55:47 PM  
"Maybe I should stop heating my outdoor Olympic sized pool. Nah."  -  A REAL Texan
 
Arachnophobe [TotalFark]
2022-12-25 5:56:17 PM  

LordOfThePings: My tank of eels doesn't seem so stupid now, does it!


Fark user imageView Full Size
 
mistahtom
2022-12-25 5:56:32 PM  
Don't mess with Texas.  It's a human toxic-chemical exposure study and you'll fark up the data.
 
Scorpitron is reduced to a thin red paste [recently expired TotalFark]
2022-12-25 5:56:55 PM  
Vote for me, I will absolutely and in no way make your lives any better.
 
Teddy Brosevelt
2022-12-25 5:58:18 PM  

LordOfThePings: My tank of eels doesn't seem so stupid now, does it!


You can thank me for throwing all my used car batteries into the ocean to help recharge your eels.
 
lordjupiter
2022-12-25 5:58:50 PM  
Someone explain to me how the much smaller libertarian wing of the GOP managed to overtake the vast religious right wing of the GOP.

Wait nevermind it's just greed lol
 
DarnoKonrad
2022-12-25 5:59:16 PM  
It's a damn shame.  Maybe Texas can vote for Brexit next.
 
raygundan
2022-12-25 5:59:26 PM  
Gosh, who could have seen this coming?
 
GoodHomer
2022-12-25 6:00:01 PM  
Any competent regulator would do all they can to prevent this. The only groups that benefit are gas producers and power-producers. Consumers always get hosed.

But it's Texas, where they elect their regulators. And, of course, voters pick Republicans, because comptenency is a sin and not a virtue.
 
rzrwiresunrise
2022-12-25 6:06:30 PM  
HOHOHOHOHOHOHOHOHOHOHO
 
Alebak
2022-12-25 6:07:23 PM  
This will need multiple elections at the local level to fix. Same as gas prices there's no "FIX THE GRID :)" and "POWER OUTAGE :(" levers, this can only be solved with investment in infrastructure and a dedicated effort to regulate so this price gouge shiat can't happen, and all it takes is one asshole backed by the power companies to  sneak in and go "hmmm, NAH" and shiat all over the entire process.

Its gonna take a lot of time, time I don't know if Texas actually has before climate change really starts to get going.
 
scanman61
2022-12-25 6:09:21 PM  
....reads headline....

Not mine.  I'm on a fixed price contract like the vast majority of Texas residential accounts.
 
Fern Crest
2022-12-25 6:10:01 PM  
Sitting in their dark, cold homes, warmed by the knowledge that somewhere, there's a "Librul" that "got owned".

Wait, what am I thinking? Only the poors don't have electricity. All of the good ol' boys in government in their McMansions are just fine.
 
Fart_Machine
2022-12-25 6:10:07 PM  
If last year didn't convince customers to get out of the wholesale electricity scam they're just asking for it.
 
Gordon Bennett [TotalFark] [OhFark]
2022-12-25 6:12:12 PM  

lordjupiter: Someone explain to me how the much smaller libertarian wing of the GOP managed to overtake the vast religious right wing of the GOP.

Wait nevermind it's just greed lol


The libertarians have a lot more money and the religious are taught from childhood to be a flock of obedient sheep.
 
jso2897
2022-12-25 6:12:20 PM  

scanman61: ....reads headline....

Not mine.  I'm on a fixed price contract like the vast majority of Texas residential accounts.


Well, if you're a conservative, and it doesn't effect you, it's not a real problem, right?
 
Artist
2022-12-25 6:12:31 PM  
Fark user imageView Full Size


Grew up with one of these....the best, best wood burning stove. Very easy to use, very efficient buring wood, can be used as an oven too-that's the top part with the little doors. On top of that, put the kettle on. Next house will have one.
 
Pointy Tail of Satan
2022-12-25 6:13:29 PM  

LordOfThePings: My tank of eels doesn't seem so stupid now, does it!


I got a hovercraft. We should meet up.
 
jaytkay [OhFark]
2022-12-25 6:15:29 PM  
I lived through Enron reaming California.

At work in Torrance (LA suburb) we had brownouts, where parts of our business campus would shut down for hours to reduce consumption. And the company still had record-high electric bills.

Meanwhile, at home, in Los Angeles proper we had no concerns about power. Our socialist city-owned power sources kept us supplied without a hitch.
 
paulleah
2022-12-25 6:16:16 PM  

433: TFA is missing a lot of information.  Where in Texas did this happen other than "parts of it?"  Who are the customers for whom the price rose, what competitive plans are they on that allowed for demand pricing?  Without more information, it's barely an article, just a tweet.


I'm sure that's because the article was inspired by a tweet the authors supervisor once saw someplace...maybe.

Because that's the current state of journalism.

Writer:"hey boss. I read on Twitter the tower was attacked by radioactive killer bees"

Boss: "get a second source on that."

Writer: "Facebook is reporting it too. They just shared the tweet I read."

Boss: "that's confirmation."
 
powhound
2022-12-25 6:17:22 PM  

Pointy Tail of Satan: LordOfThePings: My tank of eels doesn't seem so stupid now, does it!

I got a hovercraft. We should meet up.


Neither here nor there, but electric hovereels just doesn't sound like a safe idea.
 
ImpendingCynic
2022-12-25 6:20:24 PM  

Marcus Aurelius: The Enron pricing gouging system is alive and well in Texas.


Without all that pesky "pretending to trade credits across state lines" that made the Enron method so darn tedious.
 
FarkingChas
2022-12-25 6:23:14 PM  
I like to think my area helped :)
We must have stolen/borrowed Obama's weather machine.It is 80 F in SoCal. Tomorrow too. We stole all the heat like a giant heat pump. I ain't going out today but tomorrow I will go for a drive with my top down.  Probably the last chance before March.
:)
 
lowflite
2022-12-25 6:28:52 PM  
In addition, an emergency was declared that allowed producers to ignore pollution restrictions.
 
towatchoverme
2022-12-25 6:30:24 PM  
And this is why the GOP likes them stupid and likes to keep them stupid.

Because non-stupid people would take issue with this, while stupid people freeze in the dark and say at least it's better than socialism.
 
shinji3i
2022-12-25 6:30:29 PM  

Marcus Aurelius: The Enron pricing gouging system is alive and well in Texas.


Well, jeff skilling and andy fastow are out of prison already with a lot of the money they made so not much legal incentive to not do what they did.
 
monsatano [TotalFark] [OhFark]
2022-12-25 6:32:19 PM  

jaytkay: I lived through Enron reaming California.

At work in Torrance (LA suburb) we had brownouts, where parts of our business campus would shut down for hours to reduce consumption. And the company still had record-high electric bills.

Meanwhile, at home, in Los Angeles proper we had no concerns about power. Our socialist city-owned power sources kept us supplied without a hitch.


https://www.nppd.com/powering-nebraska/public-power?locale=en

How are we the only state that has this?
 
scanman61
2022-12-25 6:48:41 PM  

jso2897: scanman61: ....reads headline....

Not mine.  I'm on a fixed price contract like the vast majority of Texas residential accounts.

Well, if you're a conservative, and it doesn't effect you, it's not a real problem, right?


Not a conservative.  On a fixed rate plan so the problem doesn't affect me, true.

Anyone affected by this chose to put themselves in that position by choosing to be on a variable rate plan.
 
lowflite
2022-12-25 6:50:41 PM  

paulleah: 433: TFA is missing a lot of information.  Where in Texas did this happen other than "parts of it?"  Who are the customers for whom the price rose, what competitive plans are they on that allowed for demand pricing?  Without more information, it's barely an article, just a tweet.

I'm sure that's because the article was inspired by a tweet the authors supervisor once saw someplace...maybe.

Because that's the current state of journalism.

Writer:"hey boss. I read on Twitter the tower was attacked by radioactive killer bees"

Boss: "get a second source on that."

Writer: "Facebook is reporting it too. They just shared the tweet I read."

Boss: "that's confirmation."


It was reported by ERCOT.
 
MaliFinn
2022-12-25 6:51:07 PM  
Texas is incredibly stupid.  I mean, they CHOSE this.  Don't try to deflect or point fingers Texas, either you voted for this, you didn't vote, or choose to live in a state full of complete idiots.
 
Sexy Jesus [recently expired TotalFark]
2022-12-25 6:51:53 PM  

monsatano: jaytkay: I lived through Enron reaming California.

At work in Torrance (LA suburb) we had brownouts, where parts of our business campus would shut down for hours to reduce consumption. And the company still had record-high electric bills.

Meanwhile, at home, in Los Angeles proper we had no concerns about power. Our socialist city-owned power sources kept us supplied without a hitch.

https://www.nppd.com/powering-nebraska/public-power?locale=en

How are we the only state that has this?


Imma guess Nebraska saw it coming and got there with their system before the suits with briefcases full of cash showed up in Lincoln.
 
soopey [OhFark]
2022-12-25 6:52:13 PM  
Hah! Jokes on Texas! I'm in northwest Maine and I haven't been using electricity since Friday! But by choice mind you. Finally got a small generator from my dad today so I can run the propane heater. House was down to 35 when I got it going today. Yes I stayed somewhere else where it was warmer.
 
soopey [OhFark]
2022-12-25 6:52:33 PM  
Not by choice*
 
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