How do Texas residents afford electricity during high-demand? - eviltoast

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

    • TheGalacticVoid@lemm.ee
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      4 months 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.

    • TexMexBazooka@lemm.ee
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      4 months ago

      Because that’s what the electric company is paying, and if it stays high our contracts go up next year