quote:
Did you even bother to read what the "release" granted? The so called release actually states that ERCOT must first expand all other resources to import power at a base price no lower than $1,500 per megawatt hour. - So the DOE said yes you can run the plants harder, but only AFTER you buy all the super expensive electricity that can be supplied to you. The DOE did not release the increase output the way it is being portrayed but then again, good leftist lap dogs such as you will stick to the talking point that release was requested and granted the same day.

Edit: At least now we know why people on spot pricing bills have skyrocketed. The DOE forced it on them.

Who runs the DOE again?

ETA:

quote:
Moreover, the order instructed an “incremental amount of restricted capacity” to be sold to ERCOT at “a price no lower than $1,500/MWh,” an increase of over 6,000 percent over February 2020 prices of $18.20.

This post was edited on 2/20/21 at 5:38 pm

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Posted by billjamin

Houston

Member since Jun 2019

12625 posts

Posted on 2/20/21 at 5:42 pm to jimmy the leg

Yeah that’s an a-hole move to artificially inflate the price. No one in their right mind would defend that.

But that did absolutely nothing to limit, constrain or impact supply of generation. Therefore, this thread title is a lie regardless of how retarded this order is.

ETA: what the article should say is:

Texans getting price gouged because Biden admin ordered ERCOT to charge a minimum of 57x more than normal prices

Also, that $1,500 minimum probability didn’t matter since it hit $8000/MWh. But it’s still asinine.

This post was edited on 2/20/21 at 5:49 pm

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