The spot price for electricity in Texas is currently about $9000 per MW-hr | Hacker News Reader

The spot price for electricity in Texas is currently about $9000 per MW-hr

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24 pointstestfoobar16 comments

While I can definitely agree that there's shortcomings in putting all your eggs in one basket, this seems to be more of a problem of the lack of interconnectivity between the Texas grid and the rest of the US. They chose to keep a totally segmented system, and now as a result of that are unable to effectively import power from areas where it is more readily available.

Too cool for redundancy and availability.

Correct.

Turns out it got so cold with freezing rain that 12K MW of wind power is off line.

The isolated Texas grid was originally intended to give better reliability without the risk from other states' problems.

It is likely to import power again from Mexico, if not already taking place.

I would imagine they're scrambling to cash in at this rate.

I purchase my electricity for my apartment from the spot market in texas. (Griddy is the SF company). Yesterday, cost was $240. For 1 day. Most days cost $2 to $4.

Griddy actual sent out an e-mail and a text that said, "go to another supplier, this weekend is going to cost you a bundle".

Wild. What is your usual 1 day electric bill?

How long is this expected to continue?

most days are $0.40 to $2.00, depending on air conditioning use.

supposed to end Tuesday night.

Per MW/hr? $2 to $4 seems way too cheap. Here in MA, National Grid in is approx. $0.1239 per KW/hr so x1000 (KW->MW) that would be ~$123 (that's the basic energy cost, not incl. delivery and the "extras" they hit you with).

Parent said only that it was the daily cost for their apartment. No numbers or units

Eh, I guess that's one interpretation of the comment, the OP was talking about cost per MW/hr. But at something like $9K MW/hr, then a day's worth of usage could well be $240.

I guess with numbers like this I was just looking for clarification.

Why would an apartment dweller sign up for such a service?

Because it's usually cheaper than the average energy prices from traditional energy providers.

Over the past 3 years, my monthly electrical bill has been 1/3 to 1/2 what it costs on a "regular" contract.

Update. Friday, Saturday, and Sunday electric bill was right at $600. I changed providers Sunday night, so Monday was a reasonable $0.15 a kWh Buying electricity on the spot market is like betting on GameStop !

So I live in an apt in Austin, which rolls-up to the city municipal power company. My usual electric bill is $5-8/week with all electric appliances including dryer and heater.

So, my contracted rate is.04 cents per kwh until 2022. That means none of this can affect me, right?

You're paying $0.0004 per kwh?

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