SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world · edit-22 months agoHow do Texas residents afford electricity during high-demand?message-squaremessage-square136fedilinkarrow-up1271arrow-down110file-text
arrow-up1261arrow-down1message-squareHow do Texas residents afford electricity during high-demand?SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world · edit-22 months agomessage-square136fedilinkfile-text
Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example
minus-squareTheGalacticVoid@lemm.eelinkfedilinkarrow-up9·2 months agoIt’s the same reason why the fed controls interest rates. Entities higher up the chain deal with those volatile costs so we don’t have to.
It’s the same reason why the fed controls interest rates. Entities higher up the chain deal with those volatile costs so we don’t have to.