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So how's that go-it-alone, small govt, more deregulation, spend nothing on infrastructure/preventative maintenance working out for TX residents?
Looks like TX learned nothing from CA (i.e. 2000-2001 electricity crisis) regarding the dangers of deregulation of the utility market and closing off your grid. Yet another example of how the extremists for deregulation end up causing so many more problems.
Texas had its own electrical crisis in 2011, although not nearly as bad nor extensive as this year.
Hearing crazy reports of millions of residences and businesses with broken water pipes. Imagine plumbers will be in high demand.
An uninsulated pipe froze and burst a huge hole in an outside brick wall in a vintage house I owned in the 80’s. The windchill that winter was - 80. Not fun.
B.S. All utilities are regulated. Although much of government regulation is to generate revenue for THEM. Not actually do anything beneficial. Government exist to grow itself.
It’s the opposite of price gouging. These people signed up for wholesale power agreements where they pay the actual current rate. No hedging, no buffered pricing.
During a crisis spot prices for energy can spike, as they also have done in California. The difference here is that these people aren’t protected from these kind of rapid increases through a middleman.
It's the price of freedom. Texans didn't want regulation, so there it is.
People who live in a state that allows capitalism to run rampant like that. Profitability comes above anything else.
Interesting. I’ve had $600 bills in NY before during the height of summer. I didn’t realize it was a function of capitalism and probability, I thought it was due to amount of usage and high rates.
Interesting. I’ve had $600 bills in NY before during the height of summer. I didn’t realize it was a function of capitalism and probability, I thought it was due to amount of usage and high rates.
National average electric bills are around $110/mo. Are you defending capitalism in a thread about a state that allows a $17k monthly bill in the middle of a crisis?
Usage matters, obviously. Allowing capitalism to run unregulated is also a cause we should all be concerned with.
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