Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Texas has serious issues with their power supply and it isn't because of liberals.
Let's hope the liberals in the USA fight like crazy for those people and help them get the resources they need to survive.
Texas is an oil and gas producing state. I don't understand why they even bother with electricity for heat???
LMAO Not only are you wrong, you never read the article you linked.
The current Texas offer cap, the highest price available for power, is set at $9,000 per MWh. However, the storm has caused energy prices to plummet as low as $1,200 per MWh, a discrepancy that PUC described as “inconsistent with the fundamental design of the ERCOT market, [where] energy prices should reflect the scarcity of supply”.
The lower figure is set at $2,000 per MWh or 50 times the price of natural gas, whichever is higher, while the higher cap is the figure of $9,000 per MWh.
The PUC has ordered that ERCOT suspend the use of the lower cap, the one currently in place, as collapsing demand and spiralling gas prices could push this cap higher than the supposedly higher cap. On Wednesday, Natural Gas Intel reported that the price of Henry Hub, considered a benchmark for gas prices, had increased by $6.65 per MMBtu to an average of $23.61 per MMBtu, a sudden and dramatic rise that threatened to push the lower price cap above the higher one.
With respect, I'm not sure what's complicated here. Prices are rising. Texas's attempt to be more privatized in their energy grid is the cause of much of the problems seen right now, and is leading to a very real threat of price gouging in the middle of a crisis. In fact, the cap at $9,000 (read: government regulation) is the ONLY thing preventing more price gouging.
Yep.... not surprised to be seeing this. Texas is free market capitalism when it comes to energy....
Most of the time Texans pay less than the national average due to being on market based pricing. But when a disaster happens and spot market prices go through the roof - anyone not having a fixed price contract will get crushed.
People "should" have taken out a fixed price contract to avoid this. But people don't think of it when they are going for years and years, paying a good market based rate. Nobody remembers what can happen when the SHTF.
Your a 100% correct. I could not do business like that. I need a fixed rate, no variable anything. Even when I shopped for home loans, I wanted fixed, I never went for variable anything. These folks have no recourse either. Don't pay, no problem we will double it then attach the equity in your house, and with interest to boot. You will pay one way or another, welcome to the beast system, it wants blood.
Just like Trump manipulated folks in coal country in West Virginia and Kentucky to vote for him because he was going to "bring the coal back", the folks in Texas worship at the feet of Ted Cruz, who is beholden to one thing only - big oil and "The Railroad Commission of Texas" which is nothing more than a group of organized criminals dedicated to fleecing the last dime out of the pockets of the citizens.
This energy cabal in Texas operates the way the Mafia worked the extortion rackets on the East Coast.
The fools in Texas voting for Cruz against their own best interests are no different that all the fools that still think Donald Trump is going to "make them great again". Sickening, but true.
These are the same people that let the now dead Rush Limbaugh fill their heads with the nonsense that the "R" word should never be used; than de-regulating everything will surely bring prosperity and joy to EVERYONE, right?
No kidding! My level billing is $84/month for an 1800 sq. ft. house in Colorado.
Note: That's for natural gas only. My electricity is provided by rooftop solar, but even if I amortized the cost of my solar array over its expected 20-year lifespan, my cost is still just $120/month for household energy.
1900 sq. ft. in WI. Latest bill through 2/18 - after a 10-day deep freeze of highs in the single digits and well below zero at night - gas heat $146; electricity $52 - total cost $198. Given the lengthy cold snap, I expected higher as I've kept the house a few degrees warmer than normal this winter. I, too, am on budget billing for gas/elec combined. Payment currently at $130/mo., with adjustments every six months up or down. For the past five years or so, I've never paid more than $130/mo; sometimes in the $120s; last year $111.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
