KMFJD
Lifer
- Aug 11, 2005
- 33,753
- 54,243
- 136
damn, a lot of people going to have a heart attack once they see their bills
damn, a lot of people going to have a heart attack once they see their bills
hal2kilo
Lifer
- Feb 24, 2009
- 26,506
- 12,619
- 136
Wasn't Fn with people's power grids invented in Texas by Enron. Changed the governor of CA.
WelshBloke
Lifer
- Jan 12, 2005
- 33,513
- 11,650
- 136
Yikes! I was under the assumption that the wholesale price rises were not passed on to the consumer in real time though. If they are a lot of people are going to have a miserable near future!
IronWing
No Lifer
- Jul 20, 2001
- 73,589
- 35,321
- 136
Texas decided that the free market was the best pricing scheme for electricity. Maybe Texans will put down the boofing bong of rightwing ideology and start voting their self interests.
PingSpike
Lifer
- Feb 25, 2004
- 21,765
- 615
- 126
Yeah, me too. But I'm learning a lot of common sense laws aren't so common with regards to Texas. I guess gouging laws don't apply to the utilities?
PingSpike
Lifer
- Feb 25, 2004
- 21,765
- 615
- 126
Seems more likely a bunch of rednecks will blow up some windmills to me.
MrSquished
Lifer
- Jan 14, 2013
- 26,495
- 24,713
- 136
They waved the caps on wholesale pricing and that pricing will get passed on to the consumer on way or another. So essentially what’s gonna happen is retail providers that have contracts per kWh are all gonna fold promptly because they cannot cover. Their customers will be put on the provider of last resort list which will result in ever more insane charges than that photo.
I have used 12 kWh on Monday, 1.2kWh yesterday. I’ll be around 400 for the month. I’m more worried about the ass raping I’m going to get from Atmos Energy my gas provider.
Definitely. This is the time that the Republican policies have been show to be utter trash. For sure. This time. No doubts. Oh wait. Conservatives. Never mind. They will bitch and complain and blame someone else.
People on Griddy and others on market rates have some sticker shock. So far there are reports of people with bills for $5-7k since Monday.
Power companies are throwing hundreds of dollars at people to try and get them to leave them ASAP. One is raffling off a chance to win a Tesla model 3 to those that leave.
Its looking more and more like a lot of retail power companies are going to fold pretty soon. So much for deregulation.
Power companies are throwing hundreds of dollars at people to try and get them to leave them ASAP. One is raffling off a chance to win a Tesla model 3 to those that leave.
Its looking more and more like a lot of retail power companies are going to fold pretty soon. So much for deregulation.
‘People Are Greedy’: The Absurd Electric Bills Slamming Texans
Ron Jenkins/GettyDALLAS—As a historic winter storm raged across Texas over the weekend, Akilah Scott-Amos received an alarming message from her power company: Please switch services because “prices are about to explode.”The 43-year-old owner of an organic skincare and apothecary shop was...
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The real problem here was there was still too much regulation. Deregulation will work if we are pure enough in our implementation. We need to have micro-coal power plants in every neighborhood to prevent this in the future.
/s
From my understanding the biggest reason is that a lot of Texas’s power is from natural gas but they never insulated the pipes that transport it. Pipes froze -> no natural gas -> no electricity. Or I guess more accurately, extremely expensive electricity in those cases.
13 natural gas plants tripped off Sunday night. Half of the states wind turbines froze solid. Multiple coal plants are down and a couple more nuclear plants went off line last night. This is all on top of natural gas plants staying down for lack of fuel(more like affordable fuel). Essentially a lot of our generation capacity is down and they are supposed to be rolling blackouts. What was originally supposed to be a day has turned into three and looks to turn into 5 or 6.
The PUC lifted caps on wholesale energy because generation costs by natural gas skyrocketed. They did so to get natural gas plants that were down due to production costs to get back online.
The problem is the costs spiked 10000% on Monday. This is going to cause many retail power companies(essentially commodity traders and middle men) to go out of business and when they do their customers will be on a provider of last resort paying essentially market prices. Essentially, retail power companies buy electric at whole sale and sell it on 3-36 month contracts to consumers. So they are locked into providing their customers at rates of 5-10 cents a kWh. When as of Monday they were having to buy at $9kWh($9000MWh) on the open market if they needed power to fulfill their obligations. They cannot sustain this so many will go under.
It’s also going to be a sticker shock for people on market based electric contracts, people on variable contracts, people in between contracts and the 29,000 homes using Griddy. Griddy shows you your daily cost the day after usuage. Everyone on Griddy is flipping the fuck out right now. Other people won’t realize they have a massive bill coming until it arrives next month.
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MrSquished
Lifer
- Jan 14, 2013
- 26,495
- 24,713
- 136
Texas already has received the most FEMA money since 2017, I guess the rugged ultra-independent almost completely Republican run state of Texas is just gonna continue to suck off of the Federal gubm't teat while trashing the role of the Federal government and concepts such as sharing the wealth. I hope people start seeing through these dumbfucks and start voting them out.
Fanatical Meat
Lifer
- Feb 4, 2009
- 35,862
- 17,407
- 136
Lol .. Lauren Boebert blames the power outages in Texas and other states on the " Green New Deal", which has never been implemented....what a dope.
Viral – UPROXX
Find the viral stories and trending news you need to stay informed here on UPROXX.uproxx.com
I just don’t get deplorable logic. Maybe it is because I am from the North East and I am used to ice storms.
For all those who don’t know, ice sticks on the power lines and trees and junction boxes and either the line breaks because or the ice or a tree limb breaks which breaks the power line or the main junction box gets so encased in ice it’s fails. These are the reasons you lose power. The source of that power is irrelevant if the line connecting your neighborhood is broken. Wind, solar, coal, NG and Nuclear are all effected the same.
Assuming the storm is large and wide spread there can be hundreds or thousands of downed lines which take longer to reconnect because the weather is poor.
This isn’t difficult to understand.
I wonder what the Venn diagram looks like for people in Texas who approve FEMA aid as necessary and think state and local funding in the COVID bill is a ‘blue state bailout’.
theeedude
Lifer
- Feb 5, 2006
- 35,787
- 6,198
- 126
Yeah, Texas is getting some serious karma blowback from 2001 energy crisis, Enron + Texas governor elected president turning a blind eye screwed CA over big time.
zzyzxroad
Diamond Member
- Jan 29, 2017
- 3,264
- 2,287
- 136
- Jul 15, 2003
- 80,287
- 17,082
- 136
I'd like to remind everyone that Arnold Schwarzenegger ran on the platform the previous governor was a pussy for letting a corporation push him around, then got into office and proceeded to suck dicks up and down the corporate ladder.
Line problems are minimal in Texas right now. What we have is a power generation problem. There’s still like 24GW of natural gas plants down. That’s slightly down from 32GW yesterday. One or two more nuke plants also had to be taken offline yesterday as well.
All forms of power generation have had problems because of lack of winterization.
ch33zw1z
Lifer
- Nov 4, 2004
- 39,838
- 20,433
- 146
No worries, I'm sure someone will be along any minute to tell us what an idiot Boebert is.
Fanatical Meat
Lifer
- Feb 4, 2009
- 35,862
- 17,407
- 136
WTF?? Ya’ll can’t water proof and insulate your power plants?
ch33zw1z
Lifer
- Nov 4, 2004
- 39,838
- 20,433
- 146
IronWing
No Lifer
- Jul 20, 2001
- 73,589
- 35,321
- 136
There’s no incentive to do so. If you can pass all the costs of the disaster onto your customers, you can make more money exasperating disasters than mitigating them.
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