- cross-posted to:
- texas@lemmy.world
- technology@lemmy.world
- cross-posted to:
- texas@lemmy.world
- technology@lemmy.world
lmao lmao.
Reminder that Texas is a separate grid, which is deregulated and financialized, according to neoliberal ideals of efficiency.
The cost being measured in MWh - does that mean that this is the production cost, and that the KWh rate that people are paying is even higher?
This is $.688 per KWh, which is high, but like only about 4 times the cost of my regular priced electricity in my region.
Does this jumping 1600% mean that normally electricity is less than $.04 per KWh. That is incredibly low! There’s no way that what people pay for electricity in Texas. This must be production costs, right?
it’s wholesale costs, not costs of production, there’s at least one more layer of middlemen in there before the consumer gets anything. Avg residential rate is 14.3 cents/kWh (but businesses only pay 8.7)
Seems costs per KWh at the cheapest for the consumer in Texas is $0.112 according to this website