Price gouging is when predatory prices are forced upon the consumer.
People think Griddy electric Co. was such a beast, charging $9000/MWatt hour at the end of this polar experience.
Griddy was buying electricity from the producers at prohibitive rates...because it had no choice. When rates got that high, Griddy was telling its customers to switch to bigger producers.
Who forced the price gouging? Not the electric companies.
That would be the federal DoE, with its green regs.
Because the environment is more important than human lives, in the Dems view.
Griddy was buying electricity from the producers at prohibitive rates...because it had no choice.
The only price that was set was for the "incremental amount of restricted capacity."
The spike in wholesale prices was absurd. There is no reasonable explanation for it. It's almost like a few energy brokers forced the prices that high.
Price gouging is when predatory prices are forced upon the consumer.
People think Griddy electric Co. was such a beast, charging $9000/MWatt hour at the end of this polar experience.
Griddy was buying electricity from the producers at prohibitive rates...because it had no choice. When rates got that high, Griddy was telling its customers to switch to bigger producers.
Who forced the price gouging? Not the electric companies.
That would be the federal DoE, with its green regs.
Because the environment is more important than human lives, in the Dems view.
The only price that was set was for the "incremental amount of restricted capacity."
The spike in wholesale prices was absurd. There is no reasonable explanation for it. It's almost like a few energy brokers forced the prices that high.
It would seem that they, like ol' Shumer was saying, were trying to send a message to Texas....