re: Texans facing up to 10k electric bill

quote:

---

Yes, it is a service that allows members to buy their electricity essentially at wholesale rates. The rate fluctuates as a result of market factors primarily supply and demand. While it generally results in lower pricing during unusually high demand like what was seen in the last week in TX the price can soar exponentially like when it rose to over $9,000 a megawatt-hour a few days ago.

---

I’m struggling between & for all my buddies who have been insufferable sunshine pumpers about it. They all loved to brag about how us sheeple were getting it on our stupid fixed rate plans. Now they’re all whining and calling lawyers who are telling them to get lost. Then bitching some more on Facebook because they apparently didn’t understand the implications of wholesale market dynamics.