SnausagesinaBlanket to No Stupid [email protected] • edit-210 months agoHow do Texas residents afford electricity during high-demand?message-square136fedilinkarrow-up1273
arrow-up1273message-squareHow do Texas residents afford electricity during high-demand?SnausagesinaBlanket to No Stupid [email protected] • edit-210 months agomessage-square136fedilink
Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example
minus-square@[email protected]linkfedilink15•10 months agoWe have contracts like everyone else. No one pays the day by day rate.
minus-square@[email protected]linkfedilink2•10 months agoThen what’s the point in having a day by day rate?
minus-square@[email protected]linkfedilink9•10 months agoIt’s the same reason why the fed controls interest rates. Entities higher up the chain deal with those volatile costs so we don’t have to.
minus-square@[email protected]linkfedilink4•10 months agoBecause that’s what the electric company is paying, and if it stays high our contracts go up next year
We have contracts like everyone else. No one pays the day by day rate.
Then what’s the point in having a day by day rate?
It’s the same reason why the fed controls interest rates. Entities higher up the chain deal with those volatile costs so we don’t have to.
Because that’s what the electric company is paying, and if it stays high our contracts go up next year