[SSS Two]

The problem is many of those contracts have fine print that them an out for special circumstances.

If a REP invoked that kind of out, the company would be writing its own death warrant. Imagine the customers of a retail electricity provider getting a surprise $1,000 bill over this. That company would lose all its customers and no one would ever hire it again.

[redgolum]

You typically don’t get to pick your electric utility.

There are a very few cases were you can, but utilities are government sanctioned monopiles.

What I expect they will do is apply for a .gov bail out in a few months and raise rates next time they legally can. Which can be months or years.

The big hit will be commercial and industrial users. One of my old plants is south of Dallas. They CAN’T shut down. So the price they are going to pay will be massive.

[BiglyCommentary]

If some electric company has to go into the spot market and buy 10 million dollars of juice to fulfill contract obligations and that comes from a line credit that they can’t carry, they have 2 choices, instant suicide or possible future slow death via hitting current customers with some one time emergency surcharge. What option do you think they will choose?

[SSS Two]

We'll get a chance to test our theory. REPs aren't charging people with fixed rate contracts outrageous rates, but some people chose to enter a contract where they paid the wholesale price for electricity. Those people are getting bills for thousands of dollars. I bet that Griddy does't survive.

People who got these wholesale pricing plans were stupid. They were collecting nickels and dimes in front of a steamroller. The steamroller eventually got them.