[!1776!]

They were only getting that because it was costing them $8,950 to provide.

Wrong. They were getting that because the market was demanding that. That’s the way ERCOT works.

[semimojo]

They were getting that because the market was demanding that.

Those high rates were because the power company had to buy on the spot market to deliver power to their customers, so it did indeed cost them.

Someone selling on the spot market did reap a windfall but it wasn’t the company billing the consumer.