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The electricity shortage in Texas amid the cold snap has sent spot electricity prices soaring so much that the surge in power prices equals a cost of $900 for charging a Tesla. The typical full charge of a Tesla costs around $18 using a Level 1 or Level 2 charger at home, according to estimates from The Drive. This estimate is based on an average price of $0.14 per kWh of power.

However, the extreme winter weather this week has sent Texas spot electricity prices soaring, as the wind turbines froze in the ice storms and reduced the wind power generating capacity in the Lone Star State by half.

Spot electricity prices at the West hub have soared above the grid’s $9,000 per megawatt-hour cap, compared to a ‘normal’ price of $25 per megawatt-hour, FOX Business notes. https://www.zerohedge.com/technology/texas-freeze-raises-cost-charging-tesla-900

The electricity shortage in Texas amid the cold snap has sent spot electricity prices soaring so much that the surge in power prices equals a cost of $900 for charging a Tesla. The typical full charge of a Tesla costs around $18 using a Level 1 or Level 2 charger at home, according to estimates from The Drive. This estimate is based on an average price of $0.14 per kWh of power. However, the extreme winter weather this week has sent Texas spot electricity prices soaring, as the wind turbines froze in the ice storms and reduced the wind power generating capacity in the Lone Star State by half. Spot electricity prices at the West hub have soared above the grid’s $9,000 per megawatt-hour cap, compared to a ‘normal’ price of $25 per megawatt-hour, FOX Business notes. https://www.zerohedge.com/technology/texas-freeze-raises-cost-charging-tesla-900

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[–] 2 pts

What a clickbaity way to write that. Just say that the marginal value of electricity went up 36x or something.

When no one can drive, more than just wind power is going to go down. I would say that Texas has some cold weather preparedness "problems". The marginal value of preparing is in proportion to how often it gets that cold. Replacing every road in Texas with a surface more suited to the cold doesn't seem to make much sense. Probably better just to manage until it warms up.

[–] 1 pt

I would say that Texas has some cold weather preparedness "problems".

Buh-buh-but did the angry fetal-alchohol-syndrome-having autistic swedish dropout potato teach you nothing about global warming, you absolute howdareyou? Why would you choose to believe your own observations when you could much more easily learn be told everything you need to know by twatter and faceberg?

[–] 1 pt

I already posted this somewhere, but I'm just surprised they haven't blamed the ice storm on global warming yet.