Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example

  • chaosmarine92@reddthat.com
    6·
    4 months ago

    Are the predicted prices ever crazy far off from what they actually end up being like what happened in Texas last winter? Where am outage causes price to go from like 20c/khw to 2000c/khw over a one hour period?

    • Thorny_Insight
      14·
      4 months ago

      No, the prices are decided about 24 hours in advance and they don’t change after that.

      • GreyEyedGhost@lemmy.ca
        15·
        4 months ago

        Seems like a pretty sane way to handle market pressures, rather than, “I hope nothing terrible happens and my bill is suddenly thousands of dollars.”