6 ms·
100% agree. Actually, 99% agree. In Texas, up until one of our recent power debacles, there was a retail energy provider whose schtick was passing through spot
by nocoiner 3y ago
100% agree.
Actually, 99% agree. In Texas, up until one of our recent power debacles, there was a retail energy provider whose schtick was passing through spot rates to retail customers. Normally this was a small fraction (30%) of typical retail pricing. Until the grid went under stress, spot prices skyrocketed, and retail customers who opted into that limited-upside potentially-unlimited-downside plan were paying something like 10,000% of typical pricing. To quote a former Texas governor who forgot which cabinet agencies he wanted to eliminate, “Oops.”
I’m not sure how something like that could happen with what you suggest, but I’m a little wary of unanticipated consequences so as to degrade my degree of confidence slightly given recent events.