08 Aug '11, 4pm

Record heat, no solar means Texas is paying 40 times more for power:

Texas is hotter than balls right now , and it's not just the state's farmers and wildlife that are paying the price for it: Last week, the state set a record for electricity usage that led to its grid operator paying a whopping $3,000/MWh for peak electricity. To give you some perspective on this, $3,000/MWh translates to $3/KWh, or 40 times the $0.08/KWh a resident of that state normally pays for electricity at home. When your utility wants you to conserve energy on hot days, it's not just because they want to avoid blackouts -- it's also because at peak demand times, electricity gets auctioned off to the highest bidder, which can sometimes lead to crazy-inflated prices. The real tragedy here is that if Texas had a German or Chinese-style incentive for its residents to install solar panels , it could save itself enormous amounts of money on sunny summer days, when high de...

Full article: http://www.grist.org/list/2011-08-08-record-heat-no-solar...

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