TX PUC Concerned That "Certain Pricing Mechanisms Were Not Generating An Optimal Response"

[hatrack]

Yep, that's what they said in their press release.

https://www.puc.texas.gov/agency/resources/pubs/news/2021/PUCTX-REL-COLD21-021521-EMERGorder-FIN.pdf

[Laffy Kat]

1. What does that mean? nt

[TrogL]

2. They're not gouging as much as they're allowed

A friend in Abilene’s power has been on pretty much the entire time because she’s on the same grid segment as the hospital and cop shop. Because she was consuming power during scarcity situation she’s going to get hit with a massive bill.

This memo is telling them to bill her the maximum possible amount.

[Laffy Kat]

3. OMG. nt

[dsc]

4. If she is on fixed then her bill won't go up

but her supplier's will. But if she is on Griddy then she is in deep doo doo.

[TwilightZone]

6. Unless she's on a variable plan, her bill isn't going to go up.

So much misinformation out there. Basically, unless she's with Griddy or has an uncapped variable plan, she's not going to get a massive bill. If she's on a fixed rate plan (the most common, by far), her bill will be based on usage, as always.

Griddy has 29,000 customers. They represent a tiny fraction of the total in Texas, which has 26 million total.

[Celerity]

7. So much this. At times DU seems to stand for Disinformation Underground.

Just realised I am agreeing with you again, lol. Did not look at the username at first.

GMTA

LOL

[OAITW r.2.0]

5. Sometimes, unbridled capitalism is a negative.

This would be one of those moments. The orgy of capitalism gone wild with corrupt politicians get exposed. It ain't pretty.