From Business Insider via aol.com: Texas power prices soar 20,000% as brutal heat wave sets off emergency

#Texas #ERCOT #Climate #HeatWave

https://markets.businessinsider.com/news/commodities/texas-power-prices-20000-percent-heat-wave-ercot-grid-emergency-2023-9

Again, #cryptocurrency mining is a way some people try to make money by shifting the cost of their bad behavior onto other people. Pollution, money laundering for organized crime, ransomware, scams, support for rogue states like Russia and North Korea: that's what cryptocurrency is.

Here, #Texas power authorities paid a cryptocurrency mining company $31.7 million last month to use less power:
https://www.theregister.com/2023/09/07/texas_crypto_mining_outfit_energy/
https://www.riotplatforms.com/investors/news-events/press-releases/detail/159/riot-announces-august-2023-production-and-operations-updates

🤦‍♀️
--
#energy #electricity #subsidies #ERCOT

Texas power grid https://open.substack.com/pub/douglewin/p/ercot-has-more-questions-to-answer

#texas #powergrid #ercot

Texas paid Bitcoin miner more than $31M to cut energy usage
https://www.cbsnews.com/news/bitcoin-mining-cryptocurrency-riot-texas-power-grid/
#ycombinator #Electricity #Cryptocurrency #Texas #Bitcoin #ERCOT #Power_Grid

Tonight’s ride through the Texas Power Grid Sphincter is underway. 😬 #ercot #TexasPowerGrid

I just hate hate HATE this weather. Month 3 of >100 every day. Plus the risk of rolling blackouts cause #ercot couldn't find their butts from a DC Tie Line. #fixthedamngrid

"ERCOT's massive Riot payouts came as the agency asked #Texans to reduce power use during peak demand periods multiple times during the same month...

#Bitcoin mining now accounts for a huge chunk of #Texas' energy consumption: #ERCOT estimated in 2022 that bitcoin projects accounted for 33 gigawatts (GW) of energy in its interconnection queue. All #Houston households combined use an estimated 6 GW per year by comparison."
~@Chron
https://www.chron.com/news/houston-texas/article/texas-bitcoin-riot-ercot-grid-energy-18352398.php

This is #Insane

#USA #News

@jebr Or put another way, this is #ERCOT trying to stay ahead of the demand — and just barely succeeding despite exceptional state government headwinds:

https://t.co/KjR6MFRtex Speaking of #ERCOT

Texans, the #ERCOT #TexasPowerGrid is forecast to be under serious strain again as the sun goes down this evening and solar generation rolls offline. Be ready to shut off a few lights and turn the a/c a few degrees higher for an hour or two around 6pm-7pm tonight, and avoid doing the laundry or running the dishwasher. Just today & tomorrow to grit through and we’ll get past this as it FINALLY starts to feel like fall here.

Close one tonight, y’all, but it held. 😬 🔌🔋⚡️#ERCOT #TexasPowerGrid

Fuck a duck #ercot

#ERCOT be fuckin' bullshitting. How y'all not gonna be prepared? FOH. #Texas #PowerGrid

Repetitive power conservation appeals in #Texas by #ERCOT face a challenge: Texans becoming less responsive. https://www.texastribune.org/2023/08/31/texas-ercot-grid-energy-conservation-fatigue/

#TexasPowerGrid #ERCOT supply is *real* tight for the next half-hour or so as we move through sunset and the last of solar rolls offline…if you can turn your A/C warmer by a degree or two please do.

#ERCOT #TexasPowerGrid getting a little relief today…first day in something like a full week that the temps stayed out of triple-digit territory for most and we are *not* under a conservation warning.🔌⚡️

@adamcrussell Go away. You don’t live in #Texas, and until recently neither did a third of the #ERCOT board: https://www.statesman.com/story/news/politics/2021/02/16/ercot-board-under-fire-texas-five-out-state-members/6768919002/

Despite being “cooler” in #NTX #ERCOT issues conservation appeal for this afternoon August 27.

It’s like Groundhog Day all over again except it’s hot as 🤬. #ERCOT #TexasPowerGrid #ConservationRequested

#ERCOT
“To conserve power, the grid operator suggested residents set their thermostats a degree or two higher, avoid using large appliances such as washers or dryers, turn off and unplug non-essential lights and appliances and turn off pool pumps. Businesses can turn off lights and equipment in spaces that are not in use and turn off air-conditioning outside of business hours.”
https://www.houstonchronicle.com/business/energy/article/ercot-grid-emergency-power-18328778.php