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Message

re: Texans facing up to 10k electric bill

Posted on 2/21/21 at 1:05 am to
Posted by Zappas Stache
Utility Muffin Research Kitchen
Member since Apr 2009
39374 posts
Posted on 2/21/21 at 1:05 am to
quote:

The plans discussed here weren’t under contract.


What were they?
Posted by Volvagia
Fort Worth
Member since Mar 2006
52065 posts
Posted on 2/21/21 at 1:10 am to
Not a contract. Not even a month to month term.


You can walk away at any point with no penalties.

I’m not going to say they don’t exist, but all of the plans I’ve seen that involved contracts also had fixed rates
Posted by Smeg
Member since Aug 2018
10133 posts
Posted on 2/21/21 at 1:12 am to
quote:

I live in Katy and just got a $6500 electric bill. Thanks Ted

I live in Dallas and pay $0.09 per kwh. I use natural gas to heat the home, but my electric bill last month was $55. Thanks Ted!
Posted by Zappas Stache
Utility Muffin Research Kitchen
Member since Apr 2009
39374 posts
Posted on 2/21/21 at 1:12 am to
Well, you are committing to pay the rate for the month you are receiving electricity from them so that is legally a contract. But whatever you want to call it, those types of plans should be done away with.
Posted by Volvagia
Fort Worth
Member since Mar 2006
52065 posts
Posted on 2/21/21 at 1:13 am to
Why?


Why do you hate free choice?

Again, the company in question told their customers leave them and to get under a fixed rate before these storms.

If that isn’t due diligence ensuring your people were informed I dunno what is.


I’ve said it a thousand times: Freedom by definition means the ability to make poor choices.
This post was edited on 2/21/21 at 1:16 am
Posted by Smeg
Member since Aug 2018
10133 posts
Posted on 2/21/21 at 1:14 am to
quote:

, those types of plans should be done away with.

So you're saying people should not have the ability to choose to pay market price for services, if they want? So much for "pro choice"...
Posted by Zappas Stache
Utility Muffin Research Kitchen
Member since Apr 2009
39374 posts
Posted on 2/21/21 at 1:22 am to
quote:

So you're saying people should not have the ability to choose to pay market price for services,


Not when the system is rigged against them in the long run. It's predatory by nature.
Posted by Townedrunkard
Member since Jan 2019
9672 posts
Posted on 2/21/21 at 1:28 am to
quote:

Keep voting republican


I don’t understand. This happened under Biden’s watch. It’s his fault.
Posted by Zappas Stache
Utility Muffin Research Kitchen
Member since Apr 2009
39374 posts
Posted on 2/21/21 at 1:29 am to
quote:

Again, the company in question told their customers leave them and to get under a fixed rate before these storms.


So the company admits their plan is bad for consumers.
Posted by Smeg
Member since Aug 2018
10133 posts
Posted on 2/21/21 at 1:31 am to
quote:

Not when the system is rigged against them in the long run. It's predatory by nature.

You don't even know how stupid you are.
Do you realize the electric providers that issued fixed rate contracts with most users had to pay the cost and eat the loss? Is that fair? My provider had to pay $9.00 per kwh for the electricity and turn around and sell it to me for $0.09 per kwh, a huge loss. I could use as much as I want and they were going deeper in the hole with every second I had a light bulb on. There was no incentive for me to conserve or worry about their losses. Is it fair to force them to sell at such a loss?
Posted by Zappas Stache
Utility Muffin Research Kitchen
Member since Apr 2009
39374 posts
Posted on 2/21/21 at 1:45 am to
quote:

Do you realize the electric providers that issued fixed rate contracts with most users had to pay the cost and eat the loss? Is that fair?


Yes and that is built into their business model. And they are a corporation who have to have lines of credit in order to qualify to sell energy on the Texas market. They can absorb these fluctuations which and individual consumer can not.

quote:

You don't even know how stupid you are.


But I realize how stupid you are.
Posted by Smeg
Member since Aug 2018
10133 posts
Posted on 2/21/21 at 1:50 am to
So some people (companies) can take risks but other individuals can not?
Do you believe that corporations should have MORE rights than individuals?
Posted by AllDayEveryDay
Nawf Tejas
Member since Jun 2015
7692 posts
Posted on 2/21/21 at 3:06 am to
Hedged the wrong way on that one. I feel bad for him but snake oil has been around for thousands of years.
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 2/21/21 at 3:32 am to
quote:

I have a locked in rate of $0.123 per KWH


Deregulated, cheaped out by not winterizing power plants, and it's still more expensive than DEMCO in Louisiana.
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 2/21/21 at 3:39 am to
What is the legal difference between this, and selling generators to the highest bidders during a disaster?
Posted by Volvagia
Fort Worth
Member since Mar 2006
52065 posts
Posted on 2/21/21 at 5:10 am to
quote:

Deregulated, cheaped out by not winterizing power plants, and it's still more expensive than DEMCO in Louisiana.


That price is fairly high for just power, so I assume it’s rolling in all fees.

Pretty sure that’s not true on yours.

Only plans I see that aren’t below 10 cents are ones that you have supplementary benefits/credits.
This post was edited on 2/21/21 at 5:12 am
Posted by TalentScout
Member since Jun 2020
11 posts
Posted on 2/21/21 at 7:03 am to
Texas has very high production costs due to solar and wind.

Even though DEMCO buys their power from CLECO, it’s still produced by Entergy. Entergy catches a lot of shite, but has some of the lowest rates in the country. That’s mainly due to them not being stupid with renewables.
This post was edited on 2/21/21 at 7:05 am
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 2/21/21 at 12:48 pm to
quote:

That price is fairly high for just power, so I assume it’s rolling in all fees.

Pretty sure that’s not true on yours.

Only plans I see that aren’t below 10 cents are ones that you have supplementary benefits/credits.


My total bill comes out to less than 10 cents per kWh. $0.098976 per kWh to be exact.

Here's my last bill:

Posted by jlovel7
Louisiana
Member since Aug 2014
21838 posts
Posted on 2/21/21 at 12:53 pm to
quote:

It’s worth meationing the company reached out to their customers advising them to drop them and get under a new provider last week.




Is there a link or source on this? I believe you but I’m having a discussion about this with my dad and he eats my lunch if I don’t bring sources
Posted by baseballmind1212
Missouri City
Member since Feb 2011
3298 posts
Posted on 2/21/21 at 1:04 pm to
I believe the chronicle posted a pic of the email that was sent out Thursday evening/Friday morning.


It was pretty attention grabbing if you have any self awareness at all.

I am in houston, don't use griddy but have before. If I did my eyes would be glued to their app which tells you your kwh price and is refreshed I believe 2x a day.

It's common knowledge to anyone who is familiar with how they charge that during times of extreme weather (hurricane, heat wave, snowmaggedon) their prices sky rocket. Same exact situation happened 2 or 3 summers ago.
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