Called supply and demand. The more something is in demand, as limited power during the Texas outage, rates skyrocket. It's called "price gouging" and is illegal. This has used before involving gasoline prices during shortages.
No, it was part of the requirements of the federal powers act to limit usage under an emergency which might harm the power grid.
There was no supply problem and the cost of energy was not related to gouging. The excuse given was environmental concerns based on “expected” usage that would exceed federal emissions limits.
Called supply and demand. The more something is in demand, as limited power during the Texas outage, rates skyrocket. It's called "price gouging" and is illegal. This has used before involving gasoline prices during shortages.
No, it was part of the requirements of the federal powers act to limit usage under an emergency which might harm the power grid.
There was no supply problem and the cost of energy was not related to gouging. The excuse given was environmental concerns based on “expected” usage that would exceed federal emissions limits.