Re:The Texas power outage is a nation-wide problem
by bcassedy on Friday February 19, 2021 @04:50AM
(#26191299)
This isn't how residential pricing works. End residential customers typically don't pay these increases
Re:The Texas power outage is a nation-wide problem
by sangnoir on Friday February 19, 2021 @09:43PM
(#26201001)
Yes - residential customers don't pay wholesale price (which is what I, and gp was referring to). I'm not sure why you're injecting residential pricing into the discussion.
Energy companies absorb the fluctuations, except for that one company that thought it was a great idea to pass-though prices to the customers. It was a great idea when the prices were low, but many of their customers will likely experience sticker shock on their next bill.
Yes. At the peak, Texas wholesale electricity spot-prices went up by 10,000% - 10x is child's play. What would have happened was non-essential use in California would have been priced out by desperate Texan households who'd pay almost anything to keep residences heated.