No Stupid Questions

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How do Texas residents afford electricity during high-demand? (lemmy.world)

submitted 2 years ago* by snausagesinablanket@lemmy.world to c/nostupidquestions@lemmy.world

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Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example

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[–] 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.

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