I don't think you are understanding. They likely deliberately chose not to pay the fixed price that most people pay and that are always higher due to a premium to cover things like protection against "price gouging", and now that their trade went sideways they and you want to cry crocodile tears?
Do you realize that the usual cost per month mentioned in the article means that they were at least using like two and a half times the electricity of a normal household, especially in January.
What you are trying to whine about is that you want them to now be saved when they were profiting and paying less than you for years.
"bill we just can't afford" but he either clearly lives in a huge home that is probably about 3000 square feet based on his usage or he has some grow operation going on.
This, similar programs exist in other states. They send flyers in the mail and try to sell you on the program by making wholesale power pricing seem like its a way of cutting out the middle man to save money. What they fail to tell you is that wholesale electricity prices can be highly volatile based on supply/demand on the grid. The situation in Texas is an extreme example, but not out of the ordinary for wholesale electricity pricing. If they don't like it they shouldn't have taken the gamble in the first place and stuck with fixed pricing.
I will agree that these companies should be hammered hard to hold them accountable if they did not clearly tell people that there was risk though, but I also guarantee that if they don't have legislators in their back pocket, they may even be controlled or owned by legislators.
I don't think you are understanding. They likely deliberately chose not to pay the fixed price that most people pay and that are always higher due to a premium to cover things like protection against "price gouging", and now that their trade went sideways they and you want to cry crocodile tears?
Do you realize that the usual cost per month mentioned in the article means that they were at least using like two and a half times the electricity of a normal household, especially in January.
What you are trying to whine about is that you want them to now be saved when they were profiting and paying less than you for years.
"bill we just can't afford" but he either clearly lives in a huge home that is probably about 3000 square feet based on his usage or he has some grow operation going on.
This, similar programs exist in other states. They send flyers in the mail and try to sell you on the program by making wholesale power pricing seem like its a way of cutting out the middle man to save money. What they fail to tell you is that wholesale electricity prices can be highly volatile based on supply/demand on the grid. The situation in Texas is an extreme example, but not out of the ordinary for wholesale electricity pricing. If they don't like it they shouldn't have taken the gamble in the first place and stuck with fixed pricing.
I will agree that these companies should be hammered hard to hold them accountable if they did not clearly tell people that there was risk though, but I also guarantee that if they don't have legislators in their back pocket, they may even be controlled or owned by legislators.
You know he was told by some salesman that ‘oh that would never happen”.