On Mon, 1 Mar 2021 21:26:30 -0800, Bob F wrote:

On 3/1/2021 8:12 PM, Ed Pawlowski wrote:
On 3/1/2021 6:40 PM, wrote:
On Mon, 1 Mar 2021 16:52:51 -0500, Ralph Mowery
wrote:

In article ,
says...

How can there be an electric charge of one weeks of power that exceeds
abot 3 times what it should be for a year ?

Deregulation.

Simply put, as the supply of electricity approached zero, the price
of electricity
approached infinity.

Cindy Hamilton



Looks like that should somehow come under the price gouging laws.Â* Where
if due to some disaster prices can not rise much above the normal price
range.

Bear in mind this was only one company offering a very speculative
pricing scheme tied to the wholesale price of power with no caps on
the top or bottom number. Nobody complained when they were getting
electricity for half price or less.
There were plenty of normal options for these people.
If you really want to play this game, give them an account number with
limited funds in it and fight with them before you pay, not after the
fact. The guy who gave them access to his life savings was a moron.


While I'd normally agree with you, this is beyond all ethical and moral
business practice.Â*Â*Â* If a normal bill is say $100 and it jumped to
$1000 it would be bad, but to jump to $10,000?

If I bought Game Stop or Bitcoin and it went to $0. I'd agree but this
is far beyond what anyone could ever guess.Â* It is not like buying a
risky stock or a poker game.

If that is the agreement you have with your provider to normally get
lower rates, you'd better have a really good generator that
automatically takes over when the spot market goes above some fixed level.

We agree again Bob. The apocalypse must be near