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In fairness I was answering the question of where you can get market rates. Very little of TX's grid failures in February 2021 directly affected the infrastruct
by undersuit 3y ago
In fairness I was answering the question of where you can get market rates. Very little of TX's grid failures in February 2021 directly affected the infrastructure to the homes, many Texas providers cut power because they could not afford the wholesale rates while offering the customers a protected monthly rate. There was a very good chance that if your provider was one of the TX providers that allowed you access to Texas's energy market, you maintained power during the freeze and paid massively for that.
- amluto 3y agoPG&E's generation rates are listed as though PG&E is paying that amount on average. So I don't think this is a spot-vs-guaranteed price issue -- I think it's more like wholesale vs retail.
- undersuit 3y agoCalifornia doesn't have an energy market like Texas. Correct me if I'm wrong but if the price of energy spikes during a billing cycle you don't pay any extra that month as a residential customer, PG&E has to change the rates later.