How do Texas residents afford electricity during high-demand?
How do Texas residents afford electricity during high-demand?
Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example
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We have contracts like everyone else. No one pays the day by day rate.
Then what’s the point in having a day by day rate?
It's the same reason why the fed controls interest rates. Entities higher up the chain deal with those volatile costs so we don't have to.
Because that’s what the electric company is paying, and if it stays high our contracts go up next year
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