TexasCHLforum.com

philip964 wrote: ↑Thu Feb 25, 2021 2:45 pm

KC5AV wrote: ↑Thu Feb 25, 2021 2:23 pm I think I read on twitter earlier today where one of our Texas congress-critters is suggesting that it might be a good idea to make those plans illegal. I’ll see if I can find it.

https://www.businessinsider.com/texas-l ... ate-2021-2

Here is where the Republican Lt. Governor says I gambled and I lost. I have also read somewhere where they will make it illegal for consumers to buy wholesale. I stayed with Griddy. If they make Griddy illegal, I will not be able to make this loss back.

That is not how the free enterprise system works - Republicans.

Here is a copy of part of the Texas PUC order

“ERCOT has informed the Commission that energy prices across the system are clearing at less than $9,000, which is the current system-wide offer cap pursuant to 16 TAC §25.505(g)(6)(B). At various times today, energy prices across the system have been as low as approximately $1,200. The Commission believes this outcome is inconsistent with the fundamental design of the ERCOT market. Energy prices should reflect scarcity of the supply. If customer load is being shed, scarcity is at its maximum, and the market price for the energy needed to serve that load should also be at its highest. “

This is also not free enterprise this is illegally raising taxes.

Here is an energy trader that owns a mini generator and made so much money during the disaster that he feels so bad about it that he has donated $400,000 to a chef in Houston that has restaurants I can't afford to-go to's charity. He donated the extra $400,000 he made after the electric crisis passed on Thursday but the PUC did not remove the order till Friday morning as he must have felt extra guilty about that.

https://www.papercitymag.com/culture/ho ... adam-sinn/

chamberc wrote: ↑Mon Feb 22, 2021 2:27 pm

FrogFan wrote: ↑Wed Feb 17, 2021 10:02 am I'm curious: If you have Griddy, does Oncor (or its equivalent) still have the option to cut your power, even though you're willing to pay spot prices for power? I ask this as a Direct Energy (and Oncor) customer who has been without power for over 50 hours and counting.

Yes, who generates your power has nothing to do with when you're provided power.