▲ 263 ▼ How do Texas residents afford electricity during high-demand? (lemmy.world) submitted 2 years ago* by snausagesinablanket@lemmy.world to c/nostupidquestions@lemmy.world 133 comments fedilink hide all child comments Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example
[–] Zron@lemmy.world 1 point 2 years ago (2 children) Then what’s the point in having a day by day rate? permalink fedilink source parent hideshow 4 child comments replies: [–] TheGalacticVoid@lemm.ee 9 points 2 years ago It's the same reason why the fed controls interest rates. Entities higher up the chain deal with those volatile costs so we don't have to. permalink fedilink source parent [–] TexMexBazooka@lemm.ee 4 points 2 years ago Because that’s what the electric company is paying, and if it stays high our contracts go up next year permalink fedilink source parent
[–] TheGalacticVoid@lemm.ee 9 points 2 years ago It's the same reason why the fed controls interest rates. Entities higher up the chain deal with those volatile costs so we don't have to. permalink fedilink source parent
[–] TexMexBazooka@lemm.ee 4 points 2 years ago Because that’s what the electric company is paying, and if it stays high our contracts go up next year permalink fedilink source parent