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This happened in Texas, they had a cold snap and prices jumped from $80/kwh to $8000/kwh. source: https://www.reuters.com/business/energy/texas-power-prices-jum
by __MatrixMan__ 3y ago
This happened in Texas, they had a cold snap and prices jumped from $80/kwh to $8000/kwh. source: https://www.reuters.com/business/energy/texas-power-prices-jump-soaring-demand-heat-wave-2023-08-25/ https://www.reuters.com/business/energy/texas-power-prices-j...
Ideally people who aren't well positioned for solar (maybe there's a big tree in their neighbor's yard or something) could instead invest in batteries or other storage mechanisms. Enough people buying low and selling high and you'd see a dampening of those swings. Unfortunately panels are a no brainer and batteries are kind of a pain, so market dynamics of this sort might not help on their own.
- bruce511 3y agoThose prices are for mwh not kwh.
- __MatrixMan__ 3y agoOops. Too late to edit. Thanks for pointing that out.