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Started By
Message
re: Texans facing up to 10k electric bill
Posted on 2/20/21 at 8:17 am to theronswanson
Posted on 2/20/21 at 8:17 am to theronswanson
GoFund me to the rescue
0
Posted on 2/20/21 at 8:18 am to Napoleon
quote:
Let's blame the liberals and their windmills some more so people don't discover the truth.
...that they themselves are to blame?
The big bad capitalist corporation literally told all their customers to get out of our plan you will pay astronomic prices if you stay.
Posted on 2/20/21 at 8:23 am to LSUKTR
quote:
Because ppl need someone to protect them from their own bad decisions?
Many people in TX were not protected from the decision of having a grid system independent from the rest of the country.
This post was edited on 2/20/21 at 8:24 am
Posted on 2/20/21 at 8:33 am to Nado Jenkins83
No but I want it to insulate me from unscrupulous utilities.
This post was edited on 2/20/21 at 8:34 am
Posted on 2/20/21 at 8:34 am to Adam Banks
Yeah two days prior when other companies weren't taking new customers for the most part. Great heads up.
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
Posted on 2/20/21 at 8:35 am to TDTOM
Great reply. Would read again.
Posted on 2/20/21 at 8:38 am to Mid Iowa Tiger
quote:this place sure does love to play the personal responsibility card at weird moments, and drop it at others
If you considered personal responsibility a downside
This post was edited on 2/20/21 at 8:39 am
Posted on 2/20/21 at 8:40 am to WestCoastAg
Anyone that says price gouging is a good thing should have no problem with this.
Posted on 2/20/21 at 8:40 am to theronswanson
How do you know what you are paying ahead of time. I paid my bill from last month. It was 120 bucks. No idea what it will be this month.
Posted on 2/20/21 at 8:41 am to Napoleon
quote:
other companies weren't taking new customers for the most part.
Link?
I saw a few people on this board who had this plan who got out of it even after paying a day or two of higher prices and got with a reasonable plan.
Posted on 2/20/21 at 8:46 am to theronswanson
This is only happening to people who had that particular plan. We looked into it a few years ago. In general, your bill is cheaper on that plan than a fixed rate per KwH (I've heard in the summer $400-500/ month versus $150), but you get screwed when the market price rises. I am sure a lot of people didn't read the fine print. Also, I believe you needed to sign a contract to get the plan and provide a form of automatic payment, which is typically deducted more periodically than a once a month bill. Very glad we opted for the fixed price plan.
When gas prices are low, the energy company likely loses money on those folks or have very slim margins, so even though people are going to bitch and moan about the huge bills, if those bills are somehow let pass or reduced, there is no reason for those companies to have such a plan. This is when it pays off for them.
When gas prices are low, the energy company likely loses money on those folks or have very slim margins, so even though people are going to bitch and moan about the huge bills, if those bills are somehow let pass or reduced, there is no reason for those companies to have such a plan. This is when it pays off for them.
Posted on 2/20/21 at 8:49 am to theronswanson
My buddy in Houston got this. But it was a mistake 
This is mine. I never lost power though, so I was lucky. And seeing what some people went through, it was worth it but still hurts to see. My elec plan is designed to stay under 2000,so anything above that and the charge per increases
This is mine. I never lost power though, so I was lucky. And seeing what some people went through, it was worth it but still hurts to see. My elec plan is designed to stay under 2000,so anything above that and the charge per increases
This post was edited on 2/20/21 at 8:50 am
Posted on 2/20/21 at 8:55 am to theronswanson
quote:
Since the family is on a variable rate plan with Griddy, the company automatically debits the bill as they use electricity.
That's a stupid thing to sign up for.
Posted on 2/20/21 at 8:57 am to theronswanson
quote:
Royce Pierce and his wife, Danielle, who live in Willow Park, west of Dallas, have been watching their electricity bill tick up by nearly $10,000 in the last few days for their three-bedroom home.
bullshite story liberal hit piece against a conservative state. I promise you no individual home owner has a electricity bill that has increased by nearly $10,000 over the last few days. They needed something to divert attention away from Cuomo's Covid-19 policies killing thousands in nursing homes and then hiding the data from the public.
Posted on 2/20/21 at 8:58 am to WestCoastAg
quote:
this place sure does love to play the personal responsibility card at weird moments, and drop it at others
I am very consistent on wanting people to live with the choices they make. Choices made for them are a different story.
Posted on 2/20/21 at 8:59 am to Jaspermac
quote:
So I just got my January bill and these people already got a bill for this week?
There is a lot here that doesn’t make sense
quote:
Since the family is on a variable rate plan with Griddy, the company automatically debits the bill as they use electricity.
Posted on 2/20/21 at 9:00 am to theronswanson
quote:
Griddy's prices are controlled by the market, and are therefore vulnerable to sudden swings in demand. With the extreme weather, energy usage has soared, pushing up wholesale power prices to more than $9,000 per megawatt hour — compared to the seasonal average of $50 per megawatt hour.
And this is why we have regulated monopolies people.
Posted on 2/20/21 at 9:02 am to theronswanson
quote:
he still owes another $2,600
quote:
If worse comes to worst, I have the ability to put it on a credit card or figure something out
Why would someone with almost no cash have a second house?
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