the course of two days is theft plain and simple,
Posted on 03/06/2021 10:29:15 AM PST by Theoria
If you want to buy lumber to burn in a wood stove you’re doing it wrong.
This doesn’t happen in Third World countries.
This is what a kleptocracy looks like. Expect Texas to go blue after this.
Now, getting life saving medical care that is cheap in other nations, and heating yourself to stay alive. are financial life ending events.
No, this isn’t normal. This is how you get socialism.
What everyone seems to be missing from the article is that they charged the peak 9,000 price when they no longer had to do so. That’s the rub and issue not that some people had flexible rate plans - it’s that the price was artificially and unreasonably set too high for too long.
The market monitor said in a report filed Thursday that those prices should have been lowered when the grid operator stopped instituting blackouts, not when it ended the energy emergency a day and a half later. It recommended reversing $16 billion in charges.
When market Participants write the rules provided by “expert in economics” lobbyist, this is what comes out of the oven.
“Shelly Botkin, who also indicated Friday that she wasn’t inclined to order repricing.”
Has a BA in anthropology. Abbott appointed her to the PUC.
Yes we had propane for 20 yrs at our previous place and I learned the value of locking in the yearly pricing. Although it was a lot more expensive than nat gas, it was nice to know your supply was sitting there in the back yard.
A lot of people outside the state do no understand the utility service in Texas. You select your provider and the type of rate you pay: wholesale or flat. Some providers do not generate electric. They buy up the excess from wind, gas and coal providers and sell it to their clients at cost plus a markup. This cost can vary depending on the wholesale market price based upon excess availability. Other providers do generate electric and sell it to clients generally at a fixed rate and sell any excess on the wholesale market. The wholesale market is the real gamble. You can pay anywhere from .05 cents to 9.00 dollars for a kilowatt depending on availability. I have friends that had the wholesale rate and discovered the $9.00 rate per kilowatt last year during the heat wave. If you gamble you can lose big time.
Propane heating is like that here in the midwest.
You can lock the per gallon price for the year or buy at spot pricing when it’s delivered.
If it’s a warm winter, you can save a lot with spot, but if you have to refill in a serious cold snap, prices spike high.
I always figured it best to lock in.
Brian Griffin wrote:
Ҥ17.46(b) of the Texas Deceptive Trade Practices-Consumer Protection Act provides that it is a false, misleading or deceptive act or practice to take advantage of a disaster declared by the Governor under Chapter 418, Government Code, or the President by:
1.Selling or leasing fuel, food, medicine, lodging, building materials, construction tools, or another necessity at an exorbitant or excessive price;
or
2.Demanding an exorbitant or excessive price in connection with the sale or lease of fuel, food, medicine, lodging, building materials, construction tools, or another necessity.
Texas law absolutely requires repricing, no matter how difficult.”
Many thanks for this information!
Governor Abbott could stop this right now by ordering the commission to eat the overcharges. But where is he?
So what’s next? I understand that they can’t be disconnected. So, if they don’t pay, what happens?
If it is too difficult to reduce the charges then maybe you should just zero them out. ( It didn’t seem to be a problem to raise the rate, so don’t buy the excuse.)
I see you are still wishing for that life boat concession on the Titanic.
That is a very good point.
Probably the most important one.
LOL Yeah the lumber is to build the room, not to burn in the stove ;-) LOL
Worth repeating. His 100% no mask requirement was mostly hype since he let corporations set their own rules on masks, made good headlines tho.
Only because they could still buy at the lower price and resell for the thievery price.
I looked at the ERCOT map but it’s spotty in my area. Surprised at how big ERCOT was though. Don’t like BIG. Big gov, big tech, big ag, big news, big buncha bs.
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