SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world · edit-21 month agoHow do Texas residents afford electricity during high-demand?message-squaremessage-square136fedilinkarrow-up1273arrow-down110file-text
arrow-up1263arrow-down1message-squareHow do Texas residents afford electricity during high-demand?SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world · edit-21 month agomessage-square136fedilinkfile-text
Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example
minus-squarechaosmarine92@reddthat.comlinkfedilinkarrow-up6·1 month agoAre the predicted prices ever crazy far off from what they actually end up being like what happened in Texas last winter? Where am outage causes price to go from like 20c/khw to 2000c/khw over a one hour period?
minus-squareThorny_Insight@lemm.eelinkfedilinkarrow-up14·1 month agoNo, the prices are decided about 24 hours in advance and they don’t change after that.
minus-squareGreyEyedGhost@lemmy.calinkfedilinkarrow-up15·1 month agoSeems like a pretty sane way to handle market pressures, rather than, “I hope nothing terrible happens and my bill is suddenly thousands of dollars.”
Are the predicted prices ever crazy far off from what they actually end up being like what happened in Texas last winter? Where am outage causes price to go from like 20c/khw to 2000c/khw over a one hour period?
No, the prices are decided about 24 hours in advance and they don’t change after that.
Seems like a pretty sane way to handle market pressures, rather than, “I hope nothing terrible happens and my bill is suddenly thousands of dollars.”