Texas electricity prices soar 6,000% as a fresh heat wave is expected to shatter records

Texas electricity prices soar 6,000% as a fresh heat wave is expected to shatter records

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AP Photo/Matt York Texas electricity prices soared 6,000% as a fresh heat wave is expected to shatter records. Spot prices jumped to $4,750 per megawatt-hour on Thursday afternoon from the average of $75 on Wednesday. An excessive heat warning has been issued for north Texas, where temperatures…

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