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It's hard to see how the price problems are meaningful. Electricity in Texas is about twice as high than California. The 180x spike last only a few hours in a f
by fasthands9 3y ago
It's hard to see how the price problems are meaningful. Electricity in Texas is about twice as high than California. The 180x spike last only a few hours in a few spots.
The consumer's total costs over the course of a year are lower in Texas than a California, by a large magnitude.
I realize some people just had a perfect storm of a large monthly bill, but seems like that could be solved by more regulation on the pricing cap side while still leaving the production to be a more open system. I believe Texas has already moved in that direction.
- danans 3y ago> I realize some people just had a perfect storm of a large monthly bill, but seems like that could be solved by more regulation on the pricing cap side while still leaving the production to be a more open system. Adding price cap regulation will necessarily raise the average prices to pay for the occasions that the price goes 180x, or even 30x. There's no free lunch.
- pests 3y agoElectricity in Texas is twice as high than California?
- fasthands9 3y agoI wrote that flipped.