[Brilliant]

You would think that the power execs would be a little bit smarter on how they handle this. Charging folks $3000 per hour might be allowed, but if the result of doing so is that the commission reduces the maximum to $100 or $200 per KWH, aren’t you cutting off your nose to spite your face?

But I guess top management at these power companies is just like top management everywhere, including government. Not the brightest bulbs.

[SeeSac]

You would think that the power execs would be a little bit smarter on how they handle this. Charging folks $3000 per hour might be allowed, but if the result of doing so is that the commission reduces the maximum to $100 or $200 per KWH, aren’t you cutting off your nose to spite your face?

Only, they aren't charging folks $3000 per (kw) hour.

[tpmintx]

Charging folks $3000 per hour might be allowed, but if the result of doing so is that the commission reduces the maximum to $100 or $200 per KWH, aren’t you cutting off your nose to spite your face?

This was $3000/MWh. Most Texans pay about 10-15 cents/KWh.
Wholesale power is generally $45/MWh or 4.5 cents/KWh.
$3000/MWh is $3.00/KWh. Typical house uses 1000-2000 KWh/Month.

$3.00/KWh is a killer. Imagine a smart meter where they can charge a different rate every hour. If it gets cold and you really need it, they stick it to you.