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But most electricity retailers just set a fixed price for electricity completely disconnected from the actual costs. I'm specifically wondering if it's possible

by xur17 6y ago

But most electricity retailers just set a fixed price for electricity completely disconnected from the actual costs. I'm specifically wondering if it's possible to allow for wholesale purchasing, but set a cap at something like $10 or $100/kwhr - still crazy high, but keeping obscene rates away. Maybe let the customer choose what level of cap they want.

tedunangst 6y ago
Why would anyone agree to sell you power at cost, unless the cost goes too high, and then sell it below cost?
- xur17 6y ago
  Because in addition to receiving their at cost payment, they'd also receive a fixed monthly fee. The power supplier would essentially sell call options to the electricity retailer.
- nawitus 6y ago
  By selling an insurance.
SAI_Peregrinus 6y ago
Texas's rates were capped at $9/kwhr, so "$10 or $100/kwhr" certainly wouldn't keep the obscene rates away.