SnausagesinaBlanket@lemmy.world to

No Stupid Questions@lemmy.world · 4 months ago

How do Texas residents afford electricity during high-demand?

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How do Texas residents afford electricity during high-demand?

SnausagesinaBlanket@lemmy.world to

No Stupid Questions@lemmy.world · 4 months ago

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

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Zron@lemmy.world
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4 months ago
Then what’s the point in having a day by day rate?
- TheGalacticVoid@lemm.ee
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  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.
- TexMexBazooka@lemm.ee
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  Because that’s what the electric company is paying, and if it stays high our contracts go up next year

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