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"Texas’s deregulated electricity market, which was supposed to provide reliable power at a lower price, left millions in the dark last week. For two decades, its customers have paid more for electricity than state residents who are served by traditional utilities, a Wall Street Journal analysis has found."
Some would have us believe that deregulation is always the best answer. Here is absolute proof that is not the case, and in a big way. And this doesn't even cover the cost of this huge power outage in terms of humanity and the Texas economy.
Though, I do have to smile at how those Texas "Libertarians", completely screwed themselves.
lol It's the same market
It is the best answer and you have provided no proof otherwise.
For the most part, the electricity generation and distribution are still heavily regulated.
The only thing that is “deregulated” is retail electricity sales. It means the government controls everything even the wire to your house and delivering power to your house, but you can choose a vendor to pay for your electricity.
And they always will. Maybe there is a place, I haven't heard of any place where the government is not involved in public utilities.
Last edited by Loveshiscountry; 02-26-2021 at 01:20 PM..
"Texas’s deregulated electricity market, which was supposed to provide reliable power at a lower price, left millions in the dark last week. For two decades, its customers have paid more for electricity than state residents who are served by traditional utilities, a Wall Street Journal analysis has found."
Some would have us believe that deregulation is always the best answer. Here is absolute proof that is not the case, and in a big way. And this doesn't even cover the cost of this huge power outage in terms of humanity and the Texas economy.
Though, I do have to smile at how those Texas "Libertarians", completely screwed themselves.
Take anything you see in print around numbers and analytics with a grain of salt. A lot of times they're either done wrong or are pushing some political angle (knowingly or otherwise).
1. Never trust a journalist to do a proper analytical review of things. They need to share their numbers and methodology for determining what they claim and explain why.
2. Why the arbitrary cut off of "since 2004"? That's starting 2 years after de-reg went into effect.
3. Texans wanted cheap electricity, as such they got what they paid for which was less money put towards infrastructure that would have helped prevent this. This is why I say things like let a state try a new policy like legalizing hard drugs, de-reg, tax policy etc. It should be their decision, they have to live with it and we all get to see it and learn from it. For example, I doubt there will be a big push for de-reg in other states anytime soon.
4. Careful with that smile. It could easily be your area next by one means or another.
Take anything you see in print around numbers and analytics with a grain of salt. A lot of times they're either done wrong or are pushing some political angle (knowingly or otherwise).
1. Never trust a journalist to do a proper analytical review of things. They need to share their numbers and methodology for determining what they claim and explain why.
2. Why the arbitrary cut off of "since 2004"? That's starting 2 years after de-reg went into effect.
3. Texans wanted cheap electricity, as such they got what they paid for which was less money put towards infrastructure that would have helped prevent this. This is why I say things like let a state try a new policy like legalizing hard drugs, de-reg, tax policy etc. It should be their decision, they have to live with it and we all get to see it and learn from it. For example, I doubt there will be a big push for de-reg in other states anytime soon.
4. Careful with that smile. It could easily be your area next by one means or another.
That's not true. Money wasn't the problem The problem was the politicians did not push for proper oversight over this very same subject. A long freeze was coming up and machines that needed to be winterized were not. That's it. Plain and simple.
Public utilities are under the oversight of government.
That's not true. Money wasn't the problem The problem was the politicians did not push for proper oversight over this very same subject. A long freeze was coming up and machines that needed to be winterized were not. That's it. Plain and simple.
Public utilities are under the oversight of government.
Take anything you see in print around numbers and analytics with a grain of salt. A lot of times they're either done wrong or are pushing some political angle (knowingly or otherwise).
1. Never trust a journalist to do a proper analytical review of things. They need to share their numbers and methodology for determining what they claim and explain why.
2. Why the arbitrary cut off of "since 2004"? That's starting 2 years after de-reg went into effect.
3. Texans wanted cheap electricity, as such they got what they paid for which was less money put towards infrastructure that would have helped prevent this. This is why I say things like let a state try a new policy like legalizing hard drugs, de-reg, tax policy etc. It should be their decision, they have to live with it and we all get to see it and learn from it. For example, I doubt there will be a big push for de-reg in other states anytime soon.
4. Careful with that smile. It could easily be your area next by one means or another.
According to the posts on NextDoor, that happens with regularity I'd say 85% of the people who have to get a provider have no clue what they pay per kWh. Or they see the price .05 or .06 a kWh and don't factor in the delivery charge. It is often as much or more the the raw price of electricity. And they only compare what they paid previously. If you ask what the total cost to get the electricity to their houses, most are clueless.
And that's where the scamming is. Some companies advertise free nights and weekends. Or the company advertises a low rate and people never question the add ons.
DH was doing some business setting up the utilities for large apartment complexes. A billing company can make some money.
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