Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example

  • Curious Canid@lemmy.ca
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    1 month ago

    Energy pricing in Texas is managed for the benefit of the utilities, not their customers. Some of the people on non-fixed plans who got charged insane amounts just went bankrupt.

    Texas is a nearly perfect example of how the Republicans think everything should work.

    • sartalon@lemmy.world
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      1 month ago

      Close but not correct.

      It’s an established marketplace, where legislated “middlemen” buy from the utilities and then sell to the consumer.

      You can’t actually buy directly from the utility generating the power without going through the marketplace.

      It is sold as a “free market” that would drive competition and keep prices down. In actuality, it just allows leaches, who don’t actually produce anything, to sit in the middle and suck money out of the economy.

      Sure some of them will lose money, while others will make a billion, but the system works just fine as a regulated controlled monopoly.

      Texas is a perfect example of Republican hypocrisy. The Governor, Lt Governor, State AG, etc… are quite literally the worst kind of politicians.

      I seriously dislike Sheila Jackson Lee, but I feel bad about her situation.

      I would laugh if that wheel chaired, piece of shit rolled off a cliff.

      I would laugh if Dan Patrick caught on fire.

      On second thought, I might use Ken Paxton to put out the fire, by that I mean, push him onto Dan, hoping he would catch on fire too.

      Shit, that went a lot darker than I intended.

    • Mango@lemmy.world
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      1 month ago

      Texas; where people with power make extra money for specifically not doing good enough.