- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
1
Posted on 2/21/21 at 1:08 pm to baseballmind1212
Reddit Link
Here is a link to a post from reddit that shows the email that was sent. It also shows a screen cap of the app that shows just how easy it is to see how much you are paying.
Here is a link to a post from reddit that shows the email that was sent. It also shows a screen cap of the app that shows just how easy it is to see how much you are paying.
Posted on 2/21/21 at 1:40 pm to BeepNode
And my bill was less than that last month, at .094/kWH after fees.
With a provision that my 5 highest days of kWh usage in the month doesn’t count on top of that.
That’s the part you convinantly ignored from my post: you don’t know what terms he had. Plans sometimes add “incentives” to sign with them.
He might have gotten 2 NEST thermostats out of it and is now paying it off essentially.
Hell, he might even gotten a wine club membership out if it (not joking)
With a provision that my 5 highest days of kWh usage in the month doesn’t count on top of that.
That’s the part you convinantly ignored from my post: you don’t know what terms he had. Plans sometimes add “incentives” to sign with them.
He might have gotten 2 NEST thermostats out of it and is now paying it off essentially.
Hell, he might even gotten a wine club membership out if it (not joking)
This post was edited on 2/21/21 at 1:44 pm
Posted on 2/21/21 at 1:43 pm to Tempratt
quote:
How is this possible?
Texas does their electric distribution differently.
The infrastructure is set, but you don’t do business directly with them. You elect a provider who agrees to purchase power on your behalf.
No hardware change. They just drive out to read the meter at the start of the switch. And most modern meters allow for remote reading so it can be as simple as a couple click evolution.
No more involved than changing car insurances.
Posted on 2/21/21 at 2:20 pm to Volvagia
Texans have to haggle and shop for electricity plans and yet they seem proud to pay more per kWh than Louisiana, Arkansas, and Oklahoma.
Posted on 2/21/21 at 2:38 pm to theronswanson
Sometimes optimization algorithms need constraints in order to converge on optimal values, and sometimes the free market needs regulation in order to avoid prices that no longer reflect underlying value.
Posted on 2/21/21 at 2:41 pm to Volvagia
The company in question is seeking “cost relief” from the state, which means that taxpayers are going to end up paying these bills. If you live in Texas, this is your problem whether you have a good energy plan or not.
Posted on 2/21/21 at 2:53 pm to TxTiger82
quote:
avoid prices that no longer reflect underlying value
For all the complaining on here, facebook, twitter etc. it seems having power has a ton of underlying value. Tell the people who had their rooms flood with busted pipes that having power doesnt have a tremendous amount of value.
If the price the customers were having to pay didnt match the alternative-taking the literal 30 minutes to go online and change providers or go without power then they had the choice to do so.
This post was edited on 2/21/21 at 2:56 pm
Posted on 2/21/21 at 2:56 pm to Adam Banks
Both bad arguments. The prices are obviously absurd, and taxpayers will be paying for those people’s poor choices. Sorry, there’s no defending this. Texas fricked up by deregulating this market.
Posted on 2/21/21 at 3:01 pm to TxTiger82
quote:
The prices are obviously absurd,
And the power provider said get out now
quote:
taxpayers will be paying for those people’s poor choices
Why?
The customers who did not take the warning should pay. It’s incredible how conditioned that both individuals and companies are to look to the government for a bail out anytime there is a modicum of adversity
quote:
. Texas fricked up by deregulating this market.
Ah yes more government is always the answer
Posted on 2/21/21 at 3:06 pm to Adam Banks
I’m not saying the taxpayers should pay, I’m saying they will pay because that’s the only way these energy companies will get their money.
At the end of the day, this is your problem, too, Adam. Just to be clear, YOU are going to end up paying a small part of this bill.
At the end of the day, this is your problem, too, Adam. Just to be clear, YOU are going to end up paying a small part of this bill.
This post was edited on 2/21/21 at 3:07 pm
Posted on 2/21/21 at 3:08 pm to TxTiger82
quote:
The company in question is seeking “cost relief” from the state, which means that taxpayers are going to end up paying these bills. If you live in Texas, this is your problem whether you have a good energy plan or not.
Well the government set the price during this week for some reason. If you are a Griddy member like myself you agree to sign up to pay fee market prices not government set pricing
Posted on 2/21/21 at 3:10 pm to TxTiger82
And yes, in this case, government regulation is part of the solution. It isn’t always, but in this case it is—as is typically the case when it comes to utilities.
The belief that all regulation is bad is just as ridiculous as the inverse belief.
The belief that all regulation is bad is just as ridiculous as the inverse belief.
Posted on 2/21/21 at 3:17 pm to TxTiger82
quote:
government regulation is part of the solution.
Funny because government was what helped to drive the prices up in the first place. We need government to save us from the government.
Typical.
Posted on 2/21/21 at 3:18 pm to Adam Banks
quote:
Funny because government was what helped to drive the prices up in the first place. We need government to save us from the government.
Government actually set these ridiculously Hugh prices
Posted on 2/21/21 at 3:18 pm to thadcastle
quote:
Well the government set the price during this week for some reason. If you are a Griddy member like myself you agree to sign up to pay fee market prices not government set pricing
Link? I saw where ERCOT set some minimums over the emissions limits but that’s it. Genuinely curious.
This post was edited on 2/21/21 at 3:19 pm
Posted on 2/21/21 at 3:20 pm to billjamin
quote:
Link? I saw where ERCOT set some minimums over the emissions limits but that’s it. Genuinely curious.
Hes referencing this.
quote:
The PUC met Feb. 15 to address the pricing issue and decided to order ERCOT to set prices administratively at the $9,000/MWh systemwide offer cap during the emergency.
"At various times today (Feb. 15), energy prices across the system have been as low as approximately $1,200[/MWh]," the order states. "The Commission believes this outcome is inconsistent with the fundamental design of the ERCOT market. Energy prices should reflect scarcity of the supply. If customer load is being shed, scarcity is at its maximum, and the market price for the energy needed to serve that load should also be at its highest."
Government and regulators suck.
This post was edited on 2/21/21 at 3:22 pm
Posted on 2/21/21 at 3:28 pm to billjamin
quote:
Griddy seeks relief from ERCOT for customers exposed to non-market pricing On Monday evening, the PUCT implemented a non-market pricing mechanism for electricity mandating prices reaching as high as hundreds of times normal prices. Griddy’s customers, which pay pass-through wholesale electricity prices, were immediately negatively impacted by the non-market pricing and have incurred bills that they will need more time to pay. On Tuesday, Griddy began engaging with ERCOT and the PUCT seeking customer relief. Griddy is continuing these efforts and is committed to crediting customers for any relief received, dollar-for-dollar. As soon as the PUCT reversed its Monday non-market pricing mechanism today, wholesale prices in ERCOT went negative and our customers were paid to be on the Griddy platform.
From an email
In fact the price has been negative since they removed set price. So it has been negative got couple days
This post was edited on 2/21/21 at 3:32 pm
Posted on 2/21/21 at 3:30 pm to thadcastle
I can't imagine they will send bills for $10K for a month's electric service to millions of people. Govt will get ran out of town. 
Posted on 2/21/21 at 3:31 pm to thadcastle
quote:
wholesale prices in ERCOT went negative and our customers were paid to be on the Griddy platform.
but muh consumers must be protected from the ability to make a choice to GET PAID to get power
Such an evil system
This post was edited on 2/21/21 at 3:31 pm
Page 8 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News