SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world · edit-24 months agoHow do Texas residents afford electricity during high-demand?message-squaremessage-square136fedilinkarrow-up1273arrow-down110file-text
arrow-up1263arrow-down1message-squareHow do Texas residents afford electricity during high-demand?SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world · edit-24 months agomessage-square136fedilinkfile-text
Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example
minus-squarePacattack57@lemmy.worldlinkfedilinkarrow-up15·4 months agoWe have contracts like everyone else. No one pays the day by day rate.
minus-squareZron@lemmy.worldlinkfedilinkarrow-up2arrow-down1·4 months agoThen what’s the point in having a day by day rate?
minus-squareTexMexBazooka@lemm.eelinkfedilinkarrow-up4·4 months agoBecause that’s what the electric company is paying, and if it stays high our contracts go up next year
minus-squareTheGalacticVoid@lemm.eelinkfedilinkarrow-up9·4 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.
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?
Because that’s what the electric company is paying, and if it stays high our contracts go up next year
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.