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Join Date: Jan 2002
Location: west michigan
Posts: 26,482
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Wow! Can they legally do this?
https://www.yahoo.com/news/lights-stayed-during-texas-storm-160028286.html
Edit: I just now see that it is being talked about in the other thread.
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78 SC Targa Black....gone 84 Carrera Targa White 98 Honda Prelude 22 Honda Civic SI Last edited by stevej37; 02-21-2021 at 09:58 AM.. |
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02-21-2021, 09:42 AM
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Join Date: Feb 2000
Location: Dallas, TX
Posts: 4,612
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Our electric providers are deregulated and can offer plans fixed cost per Kw or plans with variable rate that are based on the actual cost of electricity. Some plans like Griddy take it a step further and offer wholesale rates that can be 50% cheaper than fixed rates but offer no protection against prices spikes. It looks like Griddy customers lost out this time when the wholesale rates skyrocketed to $9k per megawatt.
Who needs government regulations? Let the free market rule!
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Neil '73 911S targa |
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02-21-2021, 10:35 AM
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canna change law physics
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caveat emptor
If you don't understand the risks, choose a different plan.
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James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 |
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02-21-2021, 10:39 AM
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02-21-2021, 10:51 AM
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Registered
Join Date: Jan 2002
Location: west michigan
Posts: 26,482
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I don't believe we have a choice of providers in MI...never seen it anyway.
I have no problem with the one we have...rates are consistent and fair. Plus...I own stock in the company. Makes paying the bill fun!
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78 SC Targa Black....gone 84 Carrera Targa White 98 Honda Prelude 22 Honda Civic SI Last edited by stevej37; 02-21-2021 at 10:58 AM.. |
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02-21-2021, 10:53 AM
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canna change law physics
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James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 |
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02-21-2021, 11:13 AM
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Registered
Join Date: Jan 2002
Location: west michigan
Posts: 26,482
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^^^ This is the message it came back with for my zip.
'No plans found. Your zip code may not be in a service area open to competition.' So yes...it looks to be regulated.
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78 SC Targa Black....gone 84 Carrera Targa White 98 Honda Prelude 22 Honda Civic SI Last edited by stevej37; 02-21-2021 at 11:20 AM.. |
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02-21-2021, 11:17 AM
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canna change law physics
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It is TEXAS only. Which is why I suggested you use 77040. To see what our choices are like.
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James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 |
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02-21-2021, 11:18 AM
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canna change law physics
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Also, some cities (Austin, San Antonio) have City owned utilities and there is no competition. This is also true for the Rural Electric Cooperatives.
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James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 |
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02-21-2021, 11:20 AM
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Registered
Join Date: Jan 2002
Location: west michigan
Posts: 26,482
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Quote:
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78 SC Targa Black....gone 84 Carrera Targa White 98 Honda Prelude 22 Honda Civic SI |
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02-21-2021, 11:22 AM
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The Unsettler
Join Date: Dec 2002
Location: Lantanna TX
Posts: 23,885
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In my are we we have a choice of one provider who offers a whopping one plan fits all.
It's a co-op. No other options.
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"I want my two dollars" "Goodbye and thanks for the fish" "Proud Member and Supporter of the YWL" "Brandon Won" |
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02-21-2021, 12:55 PM
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It is like shorting the stock market. A good deal quite often, but an unlimited potential to lose. If you go long, you can only lose what you bought (when the stock goes to zero). A stock you short can just keep going up.
People need to read the fine print/consider potential worst case scenario when signing up for these things.
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74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo http://www.pelicanparts.com/gallery/fintstone/ "The problem with socialism is that you eventually run out of other people's money" Some are born free. Some have freedom thrust upon them. Others simply surrender |
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02-21-2021, 01:12 PM
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canna change law physics
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Two of our local news anchors signed up for Griddy. They were caught out in August one year and had a few days of over $100/day. I sent a note to the one I'm friends with that he should have a backup generator and turn the power off if the price goes over $0.15/kWh (cost of producing power with the Generator).
At the time, the anchor was newly remarried with a wife at home and a new baby...No turning off the air conditioning. The other one, the traffic girl, was able to turn off her AC for several hours and save herself hundred of dollars.
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James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 |
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02-21-2021, 02:45 PM
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Join Date: Mar 2003
Location: Charlottesville Va
Posts: 5,757
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yeah, but a regulated market sucks...lol
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Greg Lepore 85 Targa 05 Ducati 749s (wrecked, stupidly) 2000 K1200rs (gone, due to above) 05 ST3s (unfinished business) |
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02-21-2021, 02:49 PM
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1970/1982 Porsche 914-6/911SC 2.7 RS
1974 Porsche 911 3.0
Yellow 911
