For Texans who can't pay their electric bill

[dalton99a]

Link to tweet

[roamer65]

1. Sounds like it's time for a class action lawsuit.

[napi21]

2. I understand that, but I think they need to look into how these costs were calculated. I saw one

post where a customer was billed $10,000. HOW is that po0ssible? That needs to be resolved before we start talking about how they get paid!

[Miguelito Loveless]

11. It's pretty simple

De-regulated market, stupid customers who don't read and understand the risk. People signed up for cheap electricity sold at "wholesale" rate without understanding that they are exposed to massive expense in the event the wholesale rate spikes, as it did in this case. Hey, our electricity only costs 5¢/kWh unelss it costs a mind-shattering, obscene, amount more, like say $9.00/kWh, in which case your monthly bill could go from $75 a month, to $13,500 a month.

They gambled that what happened wouldn't happen. Now someone will have to pay the bill, as that is what the customers signed up for.

[BannonsLiver]

12. Because they chose Griddy

Which is a company that allows residential customers to buy power at wholesale prices. When Texas’ grid faltered and energy costs spiked these customers were on the hook.

In ordinary times they likely saved money on their monthly bill but in situations like what we saw last week were vulnerable to price fluctuations.

[rustysgurl]

3. Let me fix this for them

"We'll be happy to set up a finance plan you'll never get out from under due to our overriding need to overcharge you during a natural disaster."

Greedy bastards.

[HUAJIAO]

4. My dentist once said the same thing to me about dental implant costs.

I wouldn't have to pay cash if it was too expensive, but could put it on my credit card !

Thanks a lot, you rich jerk.... (Problem is he is really good ! LOL)

[3Hotdogs]

8. But da dentist has to pay for the gold post to go into your gums. Gold is expensive.

Plus the cost of manufacturing the item. A lab does that and passes the cost to your dentist.


It is not all profit to the dentist.

So yeah, he probably makes more than you and me, but still...

[HUAJIAO]

9. Yeah, I know it is not like the electric companies..

just the idea that he has enough $$ he doesn;t stop to think that I STILL have to pay it.. :&gt ))

[Miguelito Loveless]

13. No, but they do get a kickback from the finance company

if you get the patient to sign up to finance the work. The same dental work costs about 1/3 the US cost in Mexico, so somebody is stuffing away the cash.

[magicarpet]

5. Like payments to buy a car,...

Look upon it as just another student loan.

What will the interest rate be,... 25% per annum ?

[Skraxx]

6. "You Are Now an Indentured Servant Working For Us"

[dalton99a]

7. +1. Gotta make Texas great again

[redstatebluegirl]

10. They just had a news conference in OKC

Saying they would spread it out over a longer period. No way they will go after these thieves. Oil and gas pay for all of the GOP.