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Re:Texas power crisis revealed flaw in market’s design by vel0city on Tuesday February 08, 2022 @09:04PM (#30267721)
This average price is a bit complicated to look at, and requires even more understanding of the Texas market.

There are essentially two types of electric customers in ERCOT areas in Texas: those in co-ops and those in open markets where you can choose your Retail Electric Provider and plan. Your physical location determines which kind of market you fall into.

In a co-op, those residents do not get to choose their power plan. Their rates are decided by the co-op, you either have electricity at that rate or you don't.

The open market allows for people to choose from many different Retail Electric Providers offering all kinds of plans. Free nights and weekends, but your rate during weekdays is sky high. Discounts below certain usage, with surcharges going over. Discounts once you use a certain amount, with surcharges if you use too little. Different rate prices for different usage amounts. 100% renewable. 0% renewable. 15% renewable. Flat monthly rate. All kinds of various contracts you can sign up for.

In that open market, I can choose plans way cheaper than that average rate. I can sign up for a plan with 100% renewable energy with an average rate of 9.8c/kWh for 2,000kWh.

https://octopusenergy.com/documents/efls/OCTOPLUS-24M-ONCOR-...

However, lots of people even in the open market just go with whatever plans they hear on the radio or TV. Any REP with a budget to have TV commercials is going to be one of the more expensive ones.

Rhythm - 11.3c/kWh @ 2,000kWh, 100% renewable

https://api.gotrhythm.com/api/pricing/offers/latest-offers-e...

TXU Energy - tons of TV ads - 12.5c/kWh

https://www.txu.com/Handlers/PDFGenerator.ashx?comProdId=ONX...

So yeah, some people just buy what they see on TV and pay through the nose. Some aren't really a part of this open market and get whatever their co-op wants to bill them. However, it can be much cheaper to shop online. I'm still on a 36mo contract for <9c/kWh, putting me cheaper than the average of every state.

http://powertochoose.org/

If you notice in that EIA table, Texas has one of the lowest average commercial and industrial rates in the country. Commercial and industrial customers actually bother looking around at rates and aren't necessarily swayed by the slick looking guy on TV saying "free nights and weekends, 25c/kWh at noon!"

Re:Texas power crisis revealed flaw in market’s design by LoveGracePeace on Tuesday February 08, 2022 @10:03PM (#30268212)
My wife got a contract with our provider, we pay normal prices during the day but get 100% free power from 8 PM to I think 5 or 6 AM. Can't really complain.
Re:Texas power crisis revealed flaw in market’s design by vel0city on Tuesday February 08, 2022 @10:09PM (#30268259)
What does "normal" prices man? After everything is said and done, what is your normal effective per-kWh rate? Most people I've seen with these plans only really get a good deal with a plan like that with a good solar or battery install, or are truly never at home except for those free hours.
Re:Texas power crisis revealed flaw in market’s design by LoveGracePeace on Wednesday February 09, 2022 @10:44PM (#30282219)
She pays the bills, she's happy, when she's happy about anything to do with money, with me burning through power with my gaming on several nights per week; it's got to be all good news. Always check to see whether your utility can work a deal.
Re:Texas power crisis revealed flaw in market’s design by jatone on Tuesday February 08, 2022 @10:41PM (#30268492)
shit I would invest in a power wall and time shift my power usage to the night.
Re:Texas power crisis revealed flaw in market’s design by caminante on Tuesday February 08, 2022 @11:01PM (#30268642)
There are T&Cs like usage caps that make these deals much less valuable than the marketing conveys.
Re:Texas power crisis revealed flaw in market’s design by LoveGracePeace on Thursday February 10, 2022 @01:28PM (#30290416)
Interesting idea! I read caminante's comment about usage caps in context and I'd check before purchasing a powerwall but even if caps were in place with our deal; the powerwall could be nice as a sort of home UPS.
Re:Texas power crisis revealed flaw in market’s design by jatone on Thursday February 10, 2022 @06:25PM (#30294285)
I was looking at it for that use myself, but unfortunately power supply in my area but iirc either the differential in price didn't actually make a ROI or the pricing didn't fluctuate =(
Re:Texas power crisis revealed flaw in market’s design by Osiris on Tuesday February 08, 2022 @11:34PM (#30268859)
Sounds great for crypto miners!
Re:Texas power crisis revealed flaw in market’s design by selectodude on Tuesday February 08, 2022 @09:35PM (#30267985)
You pay more per kwh than I do, you get rolling blackouts, and mine is nuclear energy...
Re:Texas power crisis revealed flaw in market’s design by vel0city on Tuesday February 08, 2022 @09:51PM (#30268112)
Mine is 100% renewable and I haven't lost power at my location in years.

What rate do you pay including delivery? My rate indoors delivery charges, sometimes people see those as two separate things.

Re:Texas power crisis revealed flaw in market’s design by selectodude on Tuesday February 08, 2022 @10:04PM (#30268220)
7 cents for delivery, zero to five cents for power. 2.3 cents/kwh as of a few minutes ago.

I'm just surprised because maintaining a grid in an extremely dense urban area that hasn't gotten above freezing in several weeks and getting nuclear power which is very expensive should be a good deal more expensive than the wild west that is Texas energy markets and it doesn't seem to be.

Re:Texas power crisis revealed flaw in market’s design by vel0city on Tuesday February 08, 2022 @10:31PM (#30268418)
9.3c/kWh is greater than my 8.8c/kWh. Your rates swing from a bit cheaper to mine to a bit pricer than mine, while mine is always the same. You would have to share your actual effective monthly cost for us to know if you truly paid less on average, as if it stays on the higher end you're paying a lot more but if it's only on the lower end then you're a good bit cheaper.

Maintaining the grid in a dense urban area is actually usually cheaper than less dense areas. More customers per mile of cable to offset the costs. Customers in urban areas usually don't impart as much load. There's more utility owned property per customer in a suburb than in a city by a good bit.

Note that it was massively unusually cold, not that it was just cold. A large part of the grid failure wasn't electrical equipment failing, it was really more of a lack of natural gas supply. There's no real long term storage for natural gas, so when you start using more than what suppliers are making you get shortfalls. Residential customers take priority, so gas companies couldn't get more gas. Gas generators were the primary expected generation capacity, but they couldn't get enough gas. Electric demand kept increasing but capacity started falling. Rolling blackouts were attempted. Sites critical to gas generation and supply were not listed as critical industrial customers so their circuits were higher priority to shed load (non-critical industrial and commercial first) leading to further gas shortages which led to further plant shutdowns which led to more circuits being shed. Those gas lines have a good bit of moisture in them. When the gas is flowing, it's not really a problem. When the producers stop because of power issues, lines freeze. Lines were unable to be unfrozen, so gas capacity really couldn't be increased to theoretical capacity even when the producers got power back on. So we had a number of plants which should have been able to operate but there literally wasn't any gas left to burn.

There were some other failures. A nuclear plant had a cooling system pipe exposed which froze. Coal plants had open piles of coal freeze solid without equipment to break up the pile and move the coal. Some wind turbines we're offlined as they were worried about icing as they don't normally need de-icing. The skies were really cloudy so solar didn't have as much output. But the vast majority of power failures were failures in natural gas supply.

Re:Texas power crisis revealed flaw in market’s design by cozzyd on Tuesday February 08, 2022 @10:40PM (#30268488)
If you are where I think you are (where I am), this is also after all of the bribery scandals...