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Texas had a record-low winter storm that caused a major outage. Followed by record high summer heat that caused outages too. Texas power grid operates on the
by jqpabc123 3y ago
Texas had a record-low winter storm that caused a major outage.
Followed by record high summer heat that caused outages too. Texas power grid operates on the verge of collapse --- because of bassackwards "free market" ideology. You don't have to take my word for it, several studies have said the same.
Also, California's electricity is more than twice as costly as that of Texas.
Texas uses tax payer money to subsidize their grid's inadequacy. They pay selected large enterprises to shutdown and stop consuming when their grid starts to fail.
https://www.cbsnews.com/news/bitcoin-mining-cryptocurrency-riot-texas-power-grid/ https://www.cbsnews.com/news/bitcoin-mining-cryptocurrency-r...
This is the prevailing "free market" ideology in Texas --- instead of making it economically viable for providers to add more capacity.