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

  • Kalkaline @leminal.space
    34·
    5 months ago

    I have a friend from high school that got hit with a something like $20,000 bill because he signed up for some discount program on his electric bill. The freeze a couple years ago did similar things to demand and he got hit with a massive bill.

    • AlecSadler
      1·
      5 months ago

      I presume he couldn’t pay it? What happens after that? Do you get blacklisted from power companies?

      • Burn_The_Right@lemmy.world
        5·
        5 months ago

        You get tossed to collections and your credit is ruined. It makes it very hard to rent, finance anything or get certain jobs.