The cost being measured in MWh - does that mean that this is the production cost, and that the KWh rate that people are paying is even higher?
This is $.688 per KWh, which is high, but like only about 4 times the cost of my regular priced electricity in my region.
Does this jumping 1600% mean that normally electricity is less than $.04 per KWh. That is incredibly low! There's no way that what people pay for electricity in Texas. This must be production costs, right?
it's wholesale costs, not costs of production, there's at least one more layer of middlemen in there before the consumer gets anything. Avg residential rate is 14.3 cents/kWh (but businesses only pay 8.7)