6000% increase? What does this mean for the common home consumer? If they get a $100 a month bill normally, what will it be now?
It depends on their contract if they went with an alternative power provider.
Normally the cost is fixed at a low rate for a given period. After that if the provider has to buy power in the open market, it’s Ben Dover pricing.
At the quoted increase, that would be $4.75 per KWH. It would depend on how much you used at the peak rate, but I’d expect a $100 power bill to be running into many hundreds of dollars.