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Neilk Neilk is offline
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Join Date: Feb 2000
Location: Dallas, TX
Posts: 4,615
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
Old 02-21-2021, 11:35 AM
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