$8,800 per Megawatt-Hour in Texas
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wrote on 21 Feb 2021, 14:39 last edited by
Wholesale power plans left Texans on the hook for thousands of dollars after prices spiked.
https://www.vox.com/2021/2/20/22292926/texas-high-electric-bills-winter-storm-griddyIn the name of free market and deregulation, some Texas households get to pay thousands of dollars in electricity bills for only a few days of electricity use.
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wrote on 21 Feb 2021, 14:53 last edited by
That's because those households chose a plan that was dirt cheap, but variable.
My son's electric bill for this month is still only about $200 (with a week to go in the month). He had over a foot of snow and ice at his home.
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wrote on 21 Feb 2021, 22:44 last edited by
It’s terribly unfortunate. I am never tempted by deals that are too good to be true. Silly risk to save a few sheckles.
Seems like the rate was the rate and no one was gouging.
Still people will continue to buy that product.
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wrote on 21 Feb 2021, 22:49 last edited by
Kind of like student loans.
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wrote on 21 Feb 2021, 23:07 last edited by
like variable rate mortgages?
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wrote on 21 Feb 2021, 23:41 last edited by
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It’s terribly unfortunate. I am never tempted by deals that are too good to be true. Silly risk to save a few sheckles.
Seems like the rate was the rate and no one was gouging.
Still people will continue to buy that product.
wrote on 22 Feb 2021, 06:06 last edited by Aqua Letifer@loki said in $8,800 per Megawatt-Hour in Texas:
Silly risk to save a few sheckles.
Yes because everyone's in the exact same financial situation as you and no one in America has ever had a problem paying utility bills. Also, the homeless are lazy and they just need to take a shower.
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wrote on 22 Feb 2021, 11:07 last edited by
There was a story about one of the providers with pass-through pricing contacting their customers and encouraging them to drop them and come back after the crisis.
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wrote on 22 Feb 2021, 13:23 last edited by
I suspect the variable plans will be less popular in the future.