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No, what they did in Texas was to price it on demand, like a marketplace. That is very different then pricing based on cost.

• jjeaff 3y ago
  when supply is limited, there isn't really a difference between demand and cost. when supply went low, demand, and thus cost to the middlemen went way, way up. the middleman was just applying a markup and passing their cost on to consumers.
  • _aavaa_ 3y ago
    Equivocating cost from the middleman based on a markup and cost to produce the electricity is quite a move.
    • jjeaff 3y ago
      No, it wasn't cost "from" the middleman. I said cost "to" the middleman. The middleman was just passing along the higher cost.