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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

eLeCtRiC cArS aRe MuCh ChEaPeR tO oPeRaTe!

[–] • 3 pts

California fires - can't charge. Preventative power outages - can't charge. Texas cold - can't charge. Really, that is 21st century technology?

[–] • 2 pts

Nobody is charging electric cars with electricity purchased on the spot market. That's not how the grid works.

[–] • 1 pt

I know. The article is clickbait. Funny, but clickbait.

[–] • 0 pt

Where do you think electricity comes from? Without coal you're fucked

[–] • 0 pt

A better question would be where do you think it comes from? Because apparently you think it comes from the spot market, and again, that's not how the grid works.