Texas doesn’t receive snow very often, but when it does, it apparently skyrockets the price of electricity.
On Tuesday, Oilprice.com reported that Texas’ current weather disaster, and subsequent electricity shortage, has electric vehicle (EV) charging prices surging, with the cost of charging a Tesla equating to about $900 (USD). The same charge in Texas at any non-emergency time would normally only cost about $18 (USD) using either a Level 1 or Level 2 charger at home.
Covered in snow & ice, roads mostly closed & no power in Austin
— Elon Musk (@elonmusk) February 16, 2021
Texas leads the country in wind power installations, but performance has decreased significantly amidst the inclement weather, and has also resulted in rolling blackouts for a number of its residents. For the first time in Texas history, wind power generation surpassed coal-fired generation in 2020, with wind power generating as much as one-quarter of the state’s power.
Founder of Center for Industrial Progress Alex Epstein tweeted, “The wind-dependent Texas grid is experiencing rolling blackouts, prices the equivalent of $900 per Tesla charge, and an expected supply shortage of 10 GW–the amount of electricity needed to power 5 million homes.”
Numerous Tesla owners have been utilizing their vehicles and ‘camp mode’ to stay warm during power outages. Those lucky enough to have Tesla Powerwalls are living the dream right now in Texas.
The Texas electricity fiasco begs an important question: can our country’s current electrical grids support a major transition to EVs? And if not, what will we need to do to rectify the problem?
So @ $9.00 a KWH , so It would also cost $72 to cook a turkey, etc so this is a relative issue for all electric things, Most utilities do not pass through spot market prices to consumers that generally have a set price per KW. If any commodity becomes scarce the price rises, so this example has nothing to do with the issue of supplying power to EV, the grid capacity will grow to meet the demand as it grows, like it has always done.
Please don’t repeat the incorrect assumption that wind power generation was the cause of these blackouts… Here’s info from Texas: “Officials for the Electric Reliability Council of Texas, which manages most of Texas’ grid, said the primary cause of the outages Tuesday appeared to be the state’s natural gas providers. Many are not designed to withstand such low temperatures on equipment or during production.”
Source: https://www.texastribune.org/2021/02/16/natural-gas-power-storm/