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re: Texans facing up to 10k electric bill
Posted on 2/20/21 at 8:34 am to c on z
Posted on 2/20/21 at 8:34 am to c on z
Texas artificially created a barrier for supply-side entry in times of high demand by segregating their grid.
If you frick with the free market and artificially restrict it from performing naturally — like providing additional supply during high demand — then you need to also artificially regulate the price of that supply when it gets depleted.
I don’t think there needed to be consumer protection here — these people fricked up. There needed to be market protection because TX artificially limited the supply and hindered the free market.
If you frick with the free market and artificially restrict it from performing naturally — like providing additional supply during high demand — then you need to also artificially regulate the price of that supply when it gets depleted.
I don’t think there needed to be consumer protection here — these people fricked up. There needed to be market protection because TX artificially limited the supply and hindered the free market.
This post was edited on 2/20/21 at 8:36 am
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