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Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy (fortune.com)

submitted 5 months ago by pro_grammer@programming.dev to c/technology@lemmy.world

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[–] stankmut@lemmy.world 100 points 5 months ago (1 children)

They did change one thing. You used to be able to get electricity at wholesale prices from certain providers. When the rates went crazy during the 2021 storm and people's crazy bills for turning on the lamp blew up on the news, they shut down that option.

These rate surges do hurt customers, but now it's in the form of rate increases when their contract expires.

[–] PrincessLeiasCat@sh.itjust.works 16 points 5 months ago

Thank you for the clarification.