2 ms·

It’s literally the point of Griddy. It’s not the fine print. It’s the whole damn product. She was happy to take lower rates 99.9% of the time. She can’t cry fo

It’s literally the point of Griddy. It’s not the fine print. It’s the whole damn product. She was happy to take lower rates 99.9% of the time. She can’t cry foul the 0.1% of the time when the trade goes against her.

hellomyguys 6y ago
>She can’t cry foul the 0.1% of the time when the trade goes against her. If you're a person completely devoid of empathy, yes that is a fine perspective. We all know what happened here is that Texas politicians deregulated the power system in a way that allowed for people to be taken advantage of. Your ire shouldn't go towards this woman who is probably doing this as a last resort, but to the politicians who sold out a public utility and any investment in the electric grid for the public good so a few people could profit.
- qeternity 6y ago
  Griddy has 29k customers. There are millions of other Texans paying higher fixed rates who did not get screwed here. This is not about deregulation. This is about someone taking a risk that didn’t work out, and trying to get a court to fix it for her.
  - gizmo686 6y ago
    The deregulation is allowing the retail consumers direct access to the wholesale market. The product that Griddy was selling is not something that should be legal to sell to normal consumers.
    - chomp 6y ago
      Why not? I’m a happy Griddy customer. They provide an API and I have my stuff set to progressively shut down once the price gets over 50 cents/kWh. I’ve saved about $5000 total just being smart about my usage. In short, I like the product, I’m more eco minded as it reduces my usage in times of demand, and it rewards my good behavior.
spankalee 6y ago
Look at their home page. The emphasis is on paying wholesale meaning no markup. The word "risk" does not appear on the front page. There's a hidden tab where they downplay the risk of spikes by saying $1 happens less than < 0.1% of the time and there's no bucket near the $9 that it cost last week.
syshum 6y ago
Well we did just have a congressional hearing where it was suggested that people should be able to get refunds on their stock purchases for 30 or 60 days so..... It seems people have seen the "Socialize the losses" that the government has been doing in many industries and instead of recognizing it as corruptions and advocating its elimination they say "I gotta get me some of that" Of course that is a game of musical chairs and when the music stops the dollar will be worth less than toilet paper but.....

hellomyguys 6y ago

>She can’t cry foul the 0.1% of the time when the trade goes against her. If you're a person completely devoid of empathy, yes that is a fine perspective. We all know what happened here is that Texas politicians deregulated the power system in a way that allowed for people to be taken advantage of. Your ire shouldn't go towards this woman who is probably doing this as a last resort, but to the politicians who sold out a public utility and any investment in the electric grid for the public good so a few people could profit.

qeternity 6y ago
Griddy has 29k customers. There are millions of other Texans paying higher fixed rates who did not get screwed here. This is not about deregulation. This is about someone taking a risk that didn’t work out, and trying to get a court to fix it for her.
- gizmo686 6y ago
  The deregulation is allowing the retail consumers direct access to the wholesale market. The product that Griddy was selling is not something that should be legal to sell to normal consumers.
  - chomp 6y ago
    Why not? I’m a happy Griddy customer. They provide an API and I have my stuff set to progressively shut down once the price gets over 50 cents/kWh. I’ve saved about $5000 total just being smart about my usage. In short, I like the product, I’m more eco minded as it reduces my usage in times of demand, and it rewards my good behavior.

spankalee 6y ago

Look at their home page. The emphasis is on paying wholesale meaning no markup. The word "risk" does not appear on the front page. There's a hidden tab where they downplay the risk of spikes by saying $1 happens less than < 0.1% of the time and there's no bucket near the $9 that it cost last week.

syshum 6y ago

Well we did just have a congressional hearing where it was suggested that people should be able to get refunds on their stock purchases for 30 or 60 days so..... It seems people have seen the "Socialize the losses" that the government has been doing in many industries and instead of recognizing it as corruptions and advocating its elimination they say "I gotta get me some of that" Of course that is a game of musical chairs and when the music stops the dollar will be worth less than toilet paper but.....