Do you think people saved the extra few dollars every month for years? Were they ever told/warned that one day they might need to pony up thousands of dollars? If there is a major weather emergency and you're already under a lot of stress trying to take care of your family, do you think the sound policy is to just let electricity go up to thousands of dollars while people are just trying to survive?

This is a poor policy for something that is an essential utility, this isn't just "republican bashing".

> This is a poor policy for something that is an essential utility

It's a very useful policy that can allow both buyers to save on costs, if they're careful; and utilities to decarbonise faster and introduce more renewables. For example, I know that a lot of people are taking out their natural gas heating in the UK and replace it with electric heaters that can be charged overnight when the electricity is cheap.

I would like more demand response in the US, it's a low hanging fruit. We need better protections in extreme circumstances, but that doesn't make it less useful overall.

Because most people expect a utility to always be available and affordable. The average American would much rather pay an extra $10-20/month for their entire life for electricity than once every 10 years have a bill for $4,000 because they didn't want to freeze to death when an unexpected cold front rolled through.

If that's their preference, they should have stayed on the normal rate plan, which offers exactly that. I think the issue is misleading or fraudulent salespeople talking people into buying something they don't understand, rather than the realtime rate offering itself.

Spot prices are not for everyone.

If you have an EV or if you plan other energy intensive activities smarter (like heating/cooling, washing+drying), you can save significantly more than 20 bucks a month.

This is not a unique Texas solution to this problem. In the UK for example, a lot of people take out their gas heating and replace it with electric ones that can be "charged" overnight at cheap prices.

It's the same think with credit cards and loans: they can absolutely wreck uneducated people, but they're not essentially bad if you know how to use them, they're quite advantageous.

You're arguing for normal operations, which nobody is disagreeing with. The sticking point you hand-waved away is what happens in an emergency. Telling someone "well you saved money over the last decade, SURPRISE!" isn't an acceptable situation for a utility.

I'm arguing for not trashing the idea of spot pricing because of one emergency. They could use better regulations for emergency situations, to prevent both customers and distributors going bankrupt, but making the case that spot pricing is bad because of what happened in Texas is short sighted.

When the situation became a state of emergency, they could have stopped free trading and just provide everything they can, leaving the accounting for later. Or just capping the price to a lower level.

In the meantime, spot pricing would be a very good thing to happen all across America, as I said - it's contributing massively to the de-carbonification of UK. Demand response would help reduce a lot of the spikes in usage, and make renewables integration easier.