Homeowners hit with electric bills as high as $17K amid Texas winter storm (dollar, compare)
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.
And you're picking one example of regulation you don't like. Let me repeat: Texas is too reliant on capitalism. Pure capitalism (and pure socialism) is a disaster. We need effective regulation to keep private markets in check. If you have issues with specific regulation NY put in place, that's understandable, but lets not let something like this happen to consumers.
Again, you’re picking one person with one power company for a once in a century type of event. The outlier of outliers. Why not think about every possible negative outcome and create a law and regulation for it? No thanks.
Oh and Griddy is a CALIFORNIA company. So maybe send some complaints that way.
“ Federal emergency funds meant to help Texans recover from a deep freeze will also be used to help some residents pay exorbitantly high energy bills they were charged as a result of the recent snow storm, a Republican congressman from the state said Sunday.”
My hunch is that some entity is going to step in to force the energy companies re-negotiate those exorbitant bills. There’s no way in hell they’ll get away with charging thousands of dollars to their customers.
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.
I would love to see the details on that $600 bill, do you live in a mansion, that's around 3,000 KWH per month.
Quote:
Originally Posted by markjames68
It is regulated. Just not to the standard you want. What you’re looking for is price regulation for wholesale rates.
People here - and from Texas no less - have posted about the process to sign up with an electric provider. It’s pretty clear about the potential savings, AND the risks. I would also bet that Griddy has a lot of fine print that few people read.
I live in a state now where my utility rate is 1/3 where it was in NY. I also lock in at a fixed rate and know my rate plan. I am able to pick my natural gas provider, and also know that rate as it is locked in. It’s called being responsible.
You’re also projecting with the $17K monthly bill. First, I haven’t seen clear proof. Second, the person apparently had multiple meters. Third, they were also apparently not remaining at home but decided to leave. And lastly, they obviously didn’t have any clue about what wholesale electricity rates could do in the case of a major grid issue. Is this a problem with one customer? 10? 1000? Unclear so far.
Which state and cost per KWH.
I do wonder about people that were unaware, seems like those lucky enough to still be on the gird were getting alerts to the rate increases but I think people are unable to translate into actual cost.
Last edited by Goodnight; 02-21-2021 at 05:10 PM..
True. Adopt Democrat rule like NY and pay high prices all the time. This is why wise people already know that’s not an option.
No, this is also not an option, the company is not amortizing risk so the individual would have to, that means if your bill is $100 instead of $200 you should have been putting those $100 away until your fund could cover you for events like these, most people wont do that especially if it isnt spelled out which other people will have to bail them out, how is that sustainable or a valid model.
I do wonder about people that were unaware, seems like those lucky enough to still be on the gird were getting alerts to the rate increases but I think people are unable to translate into actual cost.
Georgia, calculated all in to be 8 cents per kWh - so supply charges are included (in other words, I divided the kWh used into the total bill). What’s PSEGLI charging these days?
During the peak of summer I might have a bill closer to $500 but that’s with 4 ACs running in a very large home.
It's all the fault of the wind turbines. If not, then it must be those Jews firing lasers from the moon.
It sure couldn't be from Texas leaders who insisted on refusing to join the national electric grid. It couldn't be from the Texas leaders refusing to winterize the wind turbines. It couldn't be from Texas leaders refusing to accept climate change as factual.
Or could it?
BTW, those same Texas leaders who insisted Texas remaining independent of the feds are now begging those same feds for money. These are the same republicans who are against any federal relief in the form of stimulus because they insist that money will go to democratic cities which are in deep financial trouble. Now however, it's OK for Texas to get federal aid.
Georgia, calculated all in to be 8 cents per kWh - so supply charges are included (in other words, I divided the kWh used into the total bill). What’s PSEGLI charging these days?
During the peak of summer I might have a bill closer to $500 but that’s with 4 ACs running in a very large home.
PSEGLI is around 10 cents per KWH partially for debt reduction of the Shoreham Nuclear Power Plant debacle. Even with 4 AC's running that is almost 10 times what it should cost, $600 per month is out there.
No, this is also not an option, the company is not amortizing risk so the individual would have to, that means if your bill is $100 instead of $200 you should have been putting those $100 away until your fund could cover you for events like these, most people wont do that especially if it isnt spelled out which other people will have to bail them out, how is that sustainable or a valid model.
That is a very poor pricing plan, this sounds similar to balloon mortgages. This type of market based pricing is a disaster waiting to happen.
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.
