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Started By
Message
re: Texans facing up to 10k electric bill
Posted on 2/20/21 at 12:39 pm to Obtuse1
Posted on 2/20/21 at 12:39 pm to Obtuse1
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. This post was edited on 2/20/21 at 12:51 pm
0
Posted on 2/20/21 at 12:42 pm to Bamajedi
quote:
more than $9,000 per megawatt hour — compared to the seasonal average of $50 per megawatt hour.
Posted on 2/20/21 at 12:42 pm to EA6B
quote:
All of these people had the option of going with a provider at a fixed rate, avoiding the possibility of a skyrocketing bill, they choose to gamble on a cheaper rate.
Do you really think the average citizen should be making a decision on whether to do high stakes gambling on power rates during natural disasters when they sign up for electricity?
I’m fine with ride share surge pricing and pay day loans and a bunch of stuff that materially fills a need but the cons of a $10k bill due to failure of a system in god knows what condition would be ridiculous to shrug shoulder at.
Posted on 2/20/21 at 5:55 pm to pelicanpride
quote:
When signing up for an energy plan, I don’t think very many people ever imagined that they could receive a $10,000 bill for 3 days. You can go ahead and preach this tough guy personal responsibility nonsense all you want. It’s difficult to make responsible choices when people are uninformed about their risks.
It was in the contract they signed, they could have read it and made an informed decision.
Posted on 2/20/21 at 6:00 pm to NoSaint
quote:
Do you really think the average citizen should be making a decision on whether to do high stakes gambling on power rates during natural disasters when they sign up for electricity?
Should the average citizen be making the decision to gamble their paycheck in a casino when most have no concept of odds, and the house advantage,?
Posted on 2/20/21 at 6:13 pm to NoSaint
quote:
Do you really think the average citizen should be making a decision on whether to do high stakes gambling on power rates during natural disasters when they sign up for electricity?
Yes. It's called personal choice. I'm sorry you can't grasp this basic concept.
Posted on 2/20/21 at 7:01 pm to ZULU
quote:
Some times I guess capitalism has its down sides.. Maybe I will win the lottery so I can pay my electric bill and health insurance.
Because I'm sure if the government ran it, it would be so much better...
Posted on 2/20/21 at 7:03 pm to Centinel
quote:
Yes. It's called personal choice. I'm sorry you can't grasp this basic concept.
Whoa now. Keep going down this path and we’re going to have to talk about personal accountability and we know no one wants that shite around here.
This post was edited on 2/20/21 at 7:04 pm
Posted on 2/20/21 at 7:20 pm to theronswanson
Look at my thread. The reason is because the government felt the need to come in and set the prices. It’s BS this isn’t what people who signed up with Griddy agreed to
Posted on 2/21/21 at 12:11 am to Mid Iowa Tiger
quote:
I have a locked in rate of $0.123 per KWH, that is what I pay period. For me to get a boll in the thousands I would have to be burning a shite ton of electric.
Jeez. Why so high?
I just renewed at .094
Posted on 2/21/21 at 12:13 am to billjamin
Government really should be making decisions for the poor people, especially the poor colored people, who aren't smart enough to understand what's going on.
In fact you could say that the progressive liberal's duty to help the poor colored person is something of a....white man's burden.
In fact you could say that the progressive liberal's duty to help the poor colored person is something of a....white man's burden.
Posted on 2/21/21 at 12:17 am to theronswanson
I live in Katy and just got a $6500 electric bill. Thanks Ted
Posted on 2/21/21 at 12:34 am to ellishughtiger
quote:
Thanks Ted
Did he make you seek out a provider that didn’t guarantee a rate like 95% of plans?
frickers like you who show not a smidge of personal responsibility (I.e. when your plans blow up in your face it’s obviously someone else’s fault) is a huge part of why this country is crumbling.
Hope being on average 2 cents cheaper/kWh was worth it.
This post was edited on 2/21/21 at 12:37 am
Posted on 2/21/21 at 12:37 am to Volvagia
Take a lap fatty
Posted on 2/21/21 at 12:42 am to ellishughtiger
If you were fatter you could have tolerated turning the thermostat down. Might have saved you a couple grand.
Posted on 2/21/21 at 12:51 am to Volvagia
I apologize if you were affected by the most recent Houston catastrophe
Posted on 2/21/21 at 12:57 am to ellishughtiger
Houston, no.
DFW, yes.
No power from Monday 5 AM to Wendesday 10 PM and a home at 41 degrees.
Doesn’t really change anything here tho.
DFW, yes.
No power from Monday 5 AM to Wendesday 10 PM and a home at 41 degrees.
Doesn’t really change anything here tho.
Posted on 2/21/21 at 12:59 am to thadcastle
quote:
The reason is because the government felt the need to come in and set the prices. It’s BS this isn’t what people who signed up with Griddy agreed to
Actually it's part of the established system created by the power generators and the regulators. These mandated price spikes have happened numerous times, usually in the summer, but are common knowledge. But of course, many people are just dumb and don't understand or have knowledge of the way this works. The best thing would be to get rid of these variable rate contracts.
Posted on 2/21/21 at 1:02 am to ellishughtiger
I live in Baton Rouge and my current bill with Entergy is $35.
This post was edited on 2/21/21 at 1:06 am
Posted on 2/21/21 at 1:04 am to Zappas Stache
quote:
The best thing would be to get rid of these variable rate contracts.
The plans discussed here weren’t under contract.
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