SnausagesinaBlanket to

No Stupid Questions • 1 month ago

How do Texas residents afford electricity during high-demand?

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How do Texas residents afford electricity during high-demand?

SnausagesinaBlanket to

No Stupid Questions • 1 month ago

Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example

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@Zron
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1•1 month ago
Then what’s the point in having a day by day rate?
- @[email protected]
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  fedilink
  9•1 month ago
  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.
- @[email protected]
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  fedilink
  4•1 month ago
  Because that’s what the electric company is paying, and if it stays high our contracts go up next year

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