Most Texans are free to choose their electric company. Companies compete by offering various plans. I chose a fixed rate plan for 36 months.
If someone chose a variable rate plan because the normal wholesale price is below my fixed rate plan, that is on them. Freedom to choose means freedom to choose poorly.
I just got locked in for another year, right before this hit. But eventually everyone will have to renew and it’s going to be nothing like before.
Great. I’m sure 82 year old Granpop knew all about the risks of variable energy pricing spikes. Screw him.