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Contracting with an electric wholesaler is precisely what free-marketers do to try and save a buck and cut out that meddlesome utility middleman. You're giving
by munk-a 6y ago
Contracting with an electric wholesaler is precisely what free-marketers do to try and save a buck and cut out that meddlesome utility middleman. You're giving up the stability of a pooled service in favor of shaving a bit off the price - this normally works in your favor except when it doesn't, and in this case it really doesn't.
I wouldn't say I'm critical of those people, I'm critical of the extremist laissez faire policies in Texas that led to this disaster in general and electricity wholesalers in particular. I am, however, critical of folks who would bemoan medicaid and disaster relief funds until it hits them - in this particular case I don't know enough about the individuals to judge - but asking for 1 billion in damages is pretty extreme if they lost 9k and were one of just 29k customers.
- p1mrx 6y agoI think Griddy sounds like an innovative service, one I'd consider using if I had the equipment necessary to drop off-grid when prices are high. The problem is that they sold it to people who didn't understand the risks, and if that weren't the case, they would probably have too few customers to support the business model.