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submitted 1 month ago* (last edited 1 month ago) by carrylex@lemmy.world to c/memes@lemmy.world

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Source - The colors of the grids represent CO2 emissions

The title is a reference to the 2021 Texas power crisis

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[-] lone_faerie@lemmy.blahaj.zone 3 points 1 month ago

I'm not sure how it works in Europe, but power grids being privatized is a big issue in USA. It's essentially a monopoly where one company owns and operates the grids in one or a few states. There's no incentive to maintain the grid because there's no competition and they receive government funding whenever a crisis like this occurs. It's cheaper to just eat the fines than it is to buy electricity from neighboring states.

[-] uis@lemm.ee 3 points 1 month ago

because there's no competition

I think competition is not part of problem here. Privatization is.

this post was submitted on 19 Jul 2024
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