SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world · edit-25 个月前How do Texas residents afford electricity during high-demand?message-squaremessage-square134fedilinkarrow-up1272arrow-down110file-text
arrow-up1262arrow-down1message-squareHow do Texas residents afford electricity during high-demand?SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world · edit-25 个月前message-square134fedilinkfile-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 个月前We have contracts like everyone else. No one pays the day by day rate.
minus-squareZron@lemmy.worldlinkfedilinkarrow-up2arrow-down1·4 个月前Then what’s the point in having a day by day rate?
minus-squareTheGalacticVoid@lemm.eelinkfedilinkarrow-up9·4 个月前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.
minus-squareTexMexBazooka@lemm.eelinkfedilinkarrow-up4·4 个月前Because 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