Fuck capitalist exploitation.

Feb 23, 2021 11:08 AM

Lanhdanan

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94419

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4896

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170

Whoever said that capitalism is noble is either a liar or doesn't know shit about economics

5 years ago | Likes 3 Dislikes 0

How is capitalism responsible for this illegal activity? I think this would have happened whatever you call a system when its run by thieves

5 years ago | Likes 3 Dislikes 0

2/2: but i am opened to be educated if this is wrong of course

5 years ago | Likes 2 Dislikes 0

Scalping without the middleman

5 years ago | Likes 6 Dislikes 2

v

5 years ago | Likes 4 Dislikes 1

The people who got hit with these bills had wholesale energy plans which means they agreed to pay whatever the energy supplier was paying

5 years ago | Likes 16 Dislikes 3

So here's the frustrating part, and correct me if im wrong...but isn't Texas mostly on a private power grid, which the R govt chose cuz /

5 years ago | Likes 4 Dislikes 1

2 they didn't want their power to be regulated by government. And then this happened. And they will STILL overwhelmingly vote Republican 2/2

5 years ago | Likes 5 Dislikes 1

With all this stupidity, perhaps the smart thing is to push for more state rights and live in a highly democratic state. I know it's 1/2

5 years ago | Likes 3 Dislikes 1

selfish, but what else am I supposed to do if I can't fix stupid?

5 years ago | Likes 3 Dislikes 0

Its noble to the rich and prevents suffering of those in power. "Fuck the poor" as it says on the dollar.

5 years ago | Likes 4 Dislikes 1

lEt tHe fReE mArKeT dEcIDe

5 years ago | Likes 3 Dislikes 1

This is not capitalism this is a monopoly run by government.

5 years ago | Likes 5 Dislikes 2

22$/kWh? wtf, that's even expensive

5 years ago | Likes 3 Dislikes 1

Isn't it. Price here is 0.11€/kwh

5 years ago | Likes 1 Dislikes 0

Should have burned fat cats ..

5 years ago | Likes 3 Dislikes 1

5 years ago | Likes 6 Dislikes 3

Its not what you do when it happens (cause now you’re gonna be paying for that regardless;) its what you do after the snow melts TX.

5 years ago | Likes 281 Dislikes 4

How does the snow... melt Texas?

5 years ago | Likes 2 Dislikes 1

They will vote GOP and believe Fox on the green new deal. Morons.

5 years ago | Likes 30 Dislikes 0

My city has municipal power, and they're trying to absorb the surge for us.

5 years ago | Likes 11 Dislikes 0

San Antonio? Because that's what's going on here as well.

5 years ago | Likes 3 Dislikes 0

Denton.

5 years ago | Likes 3 Dislikes 0

Go Mean Green.

5 years ago | Likes 1 Dislikes 0

poke them with pointy sticks

5 years ago | Likes 2 Dislikes 0

As a Texan... im 99.5% sure nothing will happen. Our state is gerrymandered to hell, and the GOP is wholly owned by big energy.

5 years ago | Likes 89 Dislikes 1

Are they actually going to make y’all pay that? Even if it was declared a state of emergency?

5 years ago | Likes 2 Dislikes 0

They want the feds to bail them out which is just rich. NO YOU FUCKS IF YOU WERE ON THE GRID THIS WOULDN'T HAVE HAPPENED.

5 years ago | Likes 3 Dislikes 0

Kill them.

5 years ago | Likes 2 Dislikes 0

There's 29 million of you and I'm pretty sure AT LEAST 28.5 million of you just got literally left to die in the cold by these fucks who ...

5 years ago | Likes 30 Dislikes 1

very conveniently have names and addresses that are typically publicly available. And I hear you guys are big fans of the 2nd Amendment.

5 years ago | Likes 20 Dislikes 3

The violent and insane half of us think that it was AOC's fault because she owns all the windmills that failed. The rest of us are trying.

5 years ago | Likes 2 Dislikes 0

As a non texan; “we cant help you with that. Only you can help you with that or else itll happen again. And again. And again.”

5 years ago | Likes 13 Dislikes 1

Yeah, that is literally what's going to happen. I'm just keeping an eye out for jobs elsewhere while improving my emergency preparedness.

5 years ago | Likes 1 Dislikes 0

5 years ago | Likes 37 Dislikes 1

Ya but AOC wore an expensive suit once.... Rabble rabble!!!!

5 years ago | Likes 10 Dislikes 4

At least it wasn't a tan suit

5 years ago | Likes 2 Dislikes 1

"But you signed a contract"

5 years ago | Likes 7 Dislikes 2

He ment megawatt hour

5 years ago | Likes 4 Dislikes 2

I don’t know why you’re being downvoted but this is indeed correct. Pricing for wholesale is denoted in MWhr.

5 years ago | Likes 2 Dislikes 0

Lol, right?, can you imagine $10,000 per kwh? My bill would be 5 million dollars for last month...

5 years ago | Likes 1 Dislikes 0

Hang on, am i reading that correct? Their regular prive is 22 dollars for a kWh? Damn, how can they afford to turn on the lights 1/2

5 years ago | Likes 5 Dislikes 2

I pay around 9 euro cents, and that is with VAT and transfer charges included

5 years ago | Likes 3 Dislikes 1

It's poorly understood by Twitter poster, it's $22 per MWh, or $0.22 per kWh. Still, $10.- per kWh is insane

5 years ago | Likes 5 Dislikes 1

No, it’s $0.022 per kWh. Divide mWh by 1000 to get kWh

5 years ago | Likes 2 Dislikes 0

Power should be free to consumers. Paid for by millionaires.

5 years ago | Likes 8 Dislikes 9

But energy is how most ultra rich made their money in the first place :-P

5 years ago | Likes 2 Dislikes 1

Good let’s keep it circulating lmao

5 years ago | Likes 1 Dislikes 1

Make the elite obsolete then.

5 years ago | Likes 4 Dislikes 1

Easier said than done. Tried with Bernie, even most dems didn't go for it

5 years ago | Likes 1 Dislikes 1

That's the wholesale market price, the people getting huge bills signed up to a tariff that tracks it, they gambled and lost.

5 years ago | Likes 26 Dislikes 0

So? Why did the wholesale price spike that hard? Oh right, unregulated services failed disrupting supply and causing huge price dislocation.

5 years ago | Likes 3 Dislikes 1

as a bonus the reseller actually sent out info that people should switch their tariff ASAP.

5 years ago | Likes 9 Dislikes 1

BuT CaPiTaLiSm iS Evil...

5 years ago | Likes 10 Dislikes 8

The power level is over 9000 $

5 years ago | Likes 36 Dislikes 3

technically correct +1

5 years ago | Likes 2 Dislikes 2

5 years ago | Likes 5 Dislikes 0

Nicely done.

5 years ago | Likes 3 Dislikes 3

We've become a very corporate country, this is what happens when the people with money make the rules

5 years ago | Likes 25 Dislikes 2

but... but... but everything else is EVIL COMMUNISM that will MAKE JESUS SAD, don't you know?

5 years ago | Likes 2 Dislikes 0

I fully agree with this statement.

5 years ago | Likes 3 Dislikes 0

"surge pricing" is just gouging with a more polite name.

5 years ago | Likes 1658 Dislikes 10

Doesn't sound polite to me.

5 years ago | Likes 3 Dislikes 0

Arizona here, we we pay $17/kwh for our highest hour of usage for the month. It basically doubles the bill for 1 hour. Fuck APS

5 years ago | Likes 3 Dislikes 0

It IS gouging. Disclosing the mechanism is exactly zero mitigation of intent or commission (of the crime of price gouging).

5 years ago | Likes 2 Dislikes 0

Correct me if im wrong but isnt gouging illegal, i remember the pandemic had issues with it but its not talked about now with texas

5 years ago | Likes 1 Dislikes 0

“Variable rates””Free weekends””Free nights””Green only”...are all terms used for variable rates down here and suddenly you’re out $3000+

5 years ago | Likes 16 Dislikes 0

That's why you gotta check the plan and make SURE the ones you are charged for are fixed. I.e. free nights but charged 19c per kwh at day

5 years ago | Likes 2 Dislikes 0

We need to use our voices to speak right to power-bars and create more surge-protection in our economy am i rite lol ok i'm leaving

5 years ago | Likes 1 Dislikes 0

Reminder that Nevada has enough unused land to fuel the whole continent on solar energy

5 years ago | Likes 1 Dislikes 0

Similar to alternative facts, yeah?

5 years ago | Likes 1 Dislikes 0

You may as well it name it 'Insulin'. Could it be that the people of Texas are just pockets to be picked?

5 years ago | Likes 1 Dislikes 0

Theft call it what it is

5 years ago | Likes 1 Dislikes 0

No, it is just gambling. They took the sucker's bet and lost. Could have chosen to take fixed pricing but didn't.

5 years ago | Likes 9 Dislikes 20

Agreed

5 years ago | Likes 1 Dislikes 1

Time to stop blaming the people instead of the business. Variable sure, 10000% increases would be unimaginable.

5 years ago | Likes 10 Dislikes 0

Heartlessness won't be tolerated here, even if you're right to an extent

5 years ago | Likes 5 Dislikes 1

In this case surge pricing occured because demand exceeded supply - combine that by confusing the units (kWh with MWh) to put...

5 years ago | Likes 13 Dislikes 0

...price out by a factor of 1000 and it can be treated as garbage. Surge pricing was a symptom of the failure and given that...

5 years ago | Likes 11 Dislikes 0

...the cause was poor design on the supply side, not directly attributable to electricity pricing (i.e. saving were on build/maintenance...

5 years ago | Likes 11 Dislikes 0

...which is minimal rather than cost per unit) it misses the point. Capitalism AND regulation worked in other states - maybe...

5 years ago | Likes 9 Dislikes 0

...capitalism isn't the part that's broken in this case.

5 years ago | Likes 8 Dislikes 1

Surge pricing is fine as long as the price is known at the point of purchase. It serves no function if it isn't known.

5 years ago | Likes 7 Dislikes 1

Whatchu mean? The function it serves is to make fucking money

5 years ago | Likes 1 Dislikes 0

That's one of two factors. It must also be possible that the high price can motivate more providers to sell the good/service. Which is ...

5 years ago | Likes 4 Dislikes 0

Also impossible in this case. So it's doubly bullshit. Tough I do question what would make someone fail to lock in a fixed rate when they...

5 years ago | Likes 4 Dislikes 0

Sign up for electricity. That's just so obviously the right way to go.

5 years ago | Likes 2 Dislikes 0

Especially when you know you aren't going to look at the prices or have any good reason. If I had an electric car I might, since it's 1/2

5 years ago | Likes 2 Dislikes 0

Or if it's life and death. I'm fine with toilet paper temporarily being expensive. Heat during a blizzard, not so much

5 years ago | Likes 2 Dislikes 0

Marketing asshats always put lipstick on the pig to make it more palatable.

5 years ago | Likes 192 Dislikes 0

I wondered why it hot my ear wrong when I heard it. It’s the exact same syllable count as price gouging

5 years ago | Likes 1 Dislikes 0

Even though pig is delicious without makeup flavor (this means nothing economically, I just like good pork)

5 years ago | Likes 39 Dislikes 0

I finally understand that episode of Black Mirror now. Thanks.

5 years ago | Likes 8 Dislikes 0

No, they put lipstick on the pig to trick you into eating it, because once you bite in, you find out it still tastes like rotten shit.

5 years ago | Likes 4 Dislikes 0

Marketing doesn't improve a product, it sells it.

5 years ago | Likes 3 Dislikes 0

Is this considered price gouging during a natural disaster?

5 years ago | Likes 13 Dislikes 2

No. The people who got expensive bills were using a utility company that sells power wholesale. The company told them they expect the price>

5 years ago | Likes 8 Dislikes 1

Of electricity would spike dramatically, and they should switch their utility to someone who isn’t just passing along the market price.

5 years ago | Likes 5 Dislikes 1

Does the wholesaler sell to other utilities? I mean, wouldn’t this price get passed they elsewhere? Or are they direct to consumer only?

5 years ago | Likes 2 Dislikes 0

Utilities typically buy wholesale but residents are insulated from short term spikes. theyd raise rates, but wouldn’t be in a single day

5 years ago | Likes 2 Dislikes 0

Most people were not able to switch in time. Other providers were not accepting new customers or had a 3-10 day wait before they could start

5 years ago | Likes 4 Dislikes 0

Sure, idk how they could have predicted it earlier though.

5 years ago | Likes 1 Dislikes 0

Yeah, most got 24 hours notice and couldn't switch in that time, it was a dick move by the wholesaler.

5 years ago | Likes 2 Dislikes 0

Idk how the wholesaler should have known how hard they would get hit earlier.

5 years ago | Likes 1 Dislikes 0

10k per kwh? I don't want to believe that....

5 years ago | Likes 19 Dislikes 4

Good - you shouldn’t, it’s not correct - no context post meant to trigger the Feelers and leave no room for Thinkers.

5 years ago | Likes 1 Dislikes 1

Don't believe it. It's poorly understood by Twitter poster, it's $22 per MWh, or $0.22 per kWh. Still, $10.- per kWh is insane

5 years ago | Likes 12 Dislikes 0

it’s $0.022 divide mW by 1000 to get kW

5 years ago | Likes 2 Dislikes 0

You are correct to doubt, they have replaced kilowatt with megawatt. They are way off

5 years ago | Likes 2 Dislikes 0

Even 22 is enormous amount.

5 years ago | Likes 11 Dislikes 0

It's poorly understood by Twitter poster, it's $22 per MWh, or $0.22 per kWh. Still, $10.- per kWh is insane

5 years ago | Likes 3 Dislikes 0

It’s $0.022 per kWh, not $0.22

5 years ago | Likes 1 Dislikes 0

Something something, supply < demand, Texas companies have customers pay wholesale. I dunno man, I just lurk here.

5 years ago | Likes 10 Dislikes 1

Only something like 2% of households in Texas have variable rates. Most people pay a fixed rate

5 years ago | Likes 5 Dislikes 0

Can confirm.

5 years ago | Likes 1 Dislikes 0

I read the link. It said $11,000/MWh, not kWh.

5 years ago | Likes 5 Dislikes 0

Disregarding the error in prices, didn't only people on some plans (with providers that pass on wholesale prices) get those ludicrous bills?

5 years ago | Likes 5 Dislikes 0

Yes. Basically about 29k out of state with 11.3 million homes.

5 years ago | Likes 2 Dislikes 0

Yes, there is a great deal of misunderstanding of the issues here, not only are the prices 1000x too high in this post, but

5 years ago | Likes 3 Dislikes 0

These prices only apply to the utility companies unless you chose Griddy to pass the “wholesale” costs on to you

5 years ago | Likes 3 Dislikes 0

I pay less for electricity! I don't care why! I don't care whats a meguhwat! Oh no, now I pay more? Fuck Capitalist exploitation!

5 years ago | Likes 2 Dislikes 2

When you hear companies brag about “profits” what they are really saying is “look how much we kept from paying employees for their efforts!”

5 years ago | Likes 13 Dislikes 4

Those employees are almost always already paid before the company even sees those profits. Go spew nonsense somewhere else.

5 years ago | Likes 1 Dislikes 6

Yes, people get paid to create products before products are sold... almost as if they invested their time to build up wealth.

5 years ago | Likes 2 Dislikes 0

There you go :)

5 years ago | Likes 1 Dislikes 1

Then they should be paid with the wealth they’ve created.

5 years ago | Likes 1 Dislikes 0

Why?

5 years ago | Likes 1 Dislikes 1

Profits, by definition, are the excess money skimmed off of an employee's production. They cannot be anything else

5 years ago | Likes 3 Dislikes 0

Regulation is a necessity in capitalism. Without it you get this shit

5 years ago | Likes 330 Dislikes 11

Even Adam Smith said there needed to be some regulation.

5 years ago | Likes 40 Dislikes 1

Nate Dogg and Warren G also echoed this sentiment.

5 years ago | Likes 2 Dislikes 0

He had a whole chapter about the awful effects of “landlords” who drain money out of the system without adding any value themselves

5 years ago | Likes 7 Dislikes 1

Just remember, corporations arepeople too...most are just sociopaths.

5 years ago | Likes 17 Dislikes 0

It’s funny cause they actually are treated as people under the law

5 years ago | Likes 11 Dislikes 0

We should start calling it consumer protection instead of regulation.

5 years ago | Likes 14 Dislikes 0

5 years ago | Likes 3 Dislikes 0

5 years ago | Likes 3 Dislikes 1

No economic system is perfect, and we're currently FAR from even ok. The problem is that we need regulations, and harsh punishment for

5 years ago | Likes 1 Dislikes 1

Taking bribes. HAVE to get rid of Citizens United (that allows corporations to spend money on political campaigns)

5 years ago | Likes 1 Dislikes 1

This is crony corporatism plain and simple, nothing free about this market.

5 years ago | Likes 4 Dislikes 3

Capitalism is my livelihood and I agree 100%. What Texas has done is total bullshit.

5 years ago | Likes 2 Dislikes 1

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5 years ago (deleted Feb 23, 2021 4:48 PM) | Likes 0 Dislikes 0

Texas has competing utilities.

5 years ago | Likes 2 Dislikes 1

So it does. I rescind my above statement, it was based on a misunderstanding of what ERCOT was based on something I’d read.

5 years ago | Likes 2 Dislikes 0

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5 years ago (deleted Feb 23, 2021 4:48 PM) | Likes 0 Dislikes 0

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5 years ago (deleted Feb 23, 2021 4:48 PM) | Likes 0 Dislikes 0

Yes but the people for it will claim its capitalism, call you against capitalism (no matter what you say to the contrary), it doesn't matter

5 years ago | Likes 1 Dislikes 2

Yep. That is exactly that. What USA have today is quite far from what capitalism actually is. The biggest factor is the monopolies.

5 years ago | Likes 2 Dislikes 1

I would say that other states today is better examples of a good capitalistic system.

5 years ago | Likes 2 Dislikes 0

Exactly. Capitalism itself isn’t bad.

5 years ago | Likes 34 Dislikes 15

Eh, markets aren't necessarily bad. Capitalism is the part where people who own capital get all the returns on other people's labor.

5 years ago | Likes 3 Dislikes 1

This is capitalism itself. This is unchained, completely free capitalism. Its bad.

5 years ago | Likes 9 Dislikes 3

Regulatory Capitalism, this shit is unfettered

5 years ago | Likes 12 Dislikes 2

Yes it is... alienation of labour, atomization of the community, the inherent threat underlying all capitalism, the idea of an infinite

5 years ago | Likes 8 Dislikes 5

Growth system inside a closed FINITE planet, and the imperialism that capitalism necessitates to maintain profits... no matter what type of

5 years ago | Likes 4 Dislikes 4

Reform you make its only a matter of years before someone is bought and that reform is destroyed. Weve already seen it worldwide

5 years ago | Likes 4 Dislikes 4

So what do you propose? Growth doesn’t necessarily mean Ressource exploitation although that’s currently the case.

5 years ago | Likes 1 Dislikes 1

Not sarcasm, can you please explain how it’s not bad? Because I don’t get that, to me it seems only wrong and greedy.

5 years ago | Likes 13 Dislikes 7

There is supposed to be competition willing to provide a service for less profit, but with slaves (China) or monopolies around it gets effd

5 years ago | Likes 1 Dislikes 2

Capitalism basically says that if you have an idea for a new product, or a way to produce an existing product more economically

5 years ago | Likes 5 Dislikes 1

then you are able to start a business to make and sell that product. When other companies determine better ways to produce

5 years ago | Likes 5 Dislikes 2

that product they can try to compete with you. Demand drives production, and the things people choose to buy controls whether or not those

5 years ago | Likes 5 Dislikes 1

Nearly every power grid in the country is privately-owned. The difference is regulation.

5 years ago | Likes 6 Dislikes 2

Capitalism produces greatest social mobility, equality of opportunity, and wealth for everyone. That said monopolies and corruption suck so

5 years ago | Likes 3 Dislikes 1

regulations are required. The issue is that the govn is a giant monoply in cahoots with the private monopolies. This is Crony Capitalism.

5 years ago | Likes 3 Dislikes 1

Solution is to fix the govn instead of blaming the companies that are just doing what the govn says is perfectly legal.

5 years ago | Likes 2 Dislikes 1

Its not the system thats bad its the corruption within it. Pick any other system, introduce corruption, and you get the same result.

5 years ago | Likes 19 Dislikes 6

Yes but it seems this one is set up to be corrupt.

5 years ago | Likes 12 Dislikes 6

How? Literally every socioeconomic structure can and has been taken over by dictators. How is capitalism any worse?

5 years ago | Likes 7 Dislikes 2

Pick a system from anytime and there will be examples of corruption. Its human nature we gotta regulate really.

5 years ago | Likes 12 Dislikes 2

For context, the average price in Georgia (three states over) is around $0.12/kWh......

5 years ago | Likes 412 Dislikes 4

I pay roughly $0.13/kWh in Michigan.

5 years ago | Likes 1 Dislikes 0

Op has the wrong units, they are giving megawatt hour prices, so divide by 1000

5 years ago | Likes 12 Dislikes 2

Winter prices in Texas are normally just north of $0.12/kWhr not $0.022/kWhr.

5 years ago | Likes 1 Dislikes 1

Depends if you are talking “wholesale” price or the price on your bill

5 years ago | Likes 1 Dislikes 0

For the many Texas households on Griddy, that's the exact same thing.

5 years ago | Likes 1 Dislikes 0

That is the whole point of Griddy. You pay “wholesale” it’s good sometimes, terrible other times. They report 29,000 customers out of

5 years ago | Likes 1 Dislikes 0

Texas is the same to slightly less. The people who got screwed were paying spot prices, a practice we shouldn't allow without bumpers.

5 years ago | Likes 4 Dislikes 1

$0.14228/kWh in Saskatchewan. That's $CDN. So like.. $0.11297/kWh in USD.

5 years ago | Likes 3 Dislikes 1

Same for the overall price in MD.

5 years ago | Likes 4 Dislikes 2

Speaking of units. This makes me think of Verizon math. https://youtu.be/MShv_74FNWU

5 years ago | Likes 2 Dislikes 1

In Sweden, it's $0.04/kWh, give or take.

5 years ago | Likes 1 Dislikes 0

was as low as $0.01 for 1 month.

5 years ago | Likes 1 Dislikes 0

I pay $0.062 (CAD) /kWh (about $0.049 USD) for frozen wind turbine electricity

5 years ago | Likes 1 Dislikes 0

Lol, units are important. There is a big difference between a MW and a kW.....

5 years ago | Likes 31 Dislikes 1

Exactly, Imgur loves to talk about how great the metric system is, but then they don’t know how to use it.

5 years ago | Likes 6 Dislikes 1

To be fair, this is probably from the non-mettic portion of Imgur. Once you convert from Tesla's/Walmart car park to WHrs it's...

5 years ago | Likes 4 Dislikes 1

...easy to mess up the units.

5 years ago | Likes 3 Dislikes 1

Unit in the post was kWh, unit in response was kWh. Post came from Twitter, suspect that's where the problem lies.

5 years ago | Likes 3 Dislikes 0

Is it usually $22/kWh in Texas? - swede here with no clue on American electrical prices

5 years ago | Likes 19 Dislikes 2

No. Fixed rate $0.10/kWh is normal. We allowed people to pay spot prices directly, which can be anywhere from negative dollars to thousands.

5 years ago | Likes 9 Dislikes 1

No, the OP has the wrong units

5 years ago | Likes 17 Dislikes 0

This post is wrong. It went to $9/Kwh - still high... Not denying that. It was $10,000 per MW which is vastly different.

5 years ago | Likes 14 Dislikes 0

So those people claiming they got a $2000 bill for 1 day for 1 house, didn't actually get a bill, they did some calculations by themselves?

5 years ago | Likes 1 Dislikes 1

They were paying $9/kwh not $10,000/kwh. Can you do math?

5 years ago | Likes 2 Dislikes 1

So which one is it? $9/kWh is not $10,000/MWh.

5 years ago | Likes 1 Dislikes 0

The point is nobody paid $22Kwh OR $10,,000/Kwh for their home electricity like this post is saying.

5 years ago | Likes 2 Dislikes 0

I know. Just wanted it to be clear.

5 years ago | Likes 1 Dislikes 0

It's 2 different pricing for 2 different things. I paid roughly $9/Kwh. The generator pricing went up to roughly $10,000 per MW.

5 years ago | Likes 2 Dislikes 0

Ok, that explains it. Thanks!

5 years ago | Likes 1 Dislikes 0

$9 is still like 50 times what anyone would expect to pay for electricity in a regulated market.

5 years ago | Likes 1 Dislikes 0

I don't disagree. Just stating that people did not pay $22 or $10,000 per Kwh as the post says.

5 years ago | Likes 2 Dislikes 0

I suspect the units are wrong - prices quoted appear to be MWh rather than kWh. Average price in Texas is just under $0.12/kWh

5 years ago | Likes 186 Dislikes 0

Yes I pay less than .10/kWh

5 years ago | Likes 1 Dislikes 0

Yeah and its $0.12 to $9 which is the max. What's the saying? It's the thought that counts not the facts?

5 years ago | Likes 1 Dislikes 0

In Arkansas, my electricity is $0.0799 / kWh. Of course, my heating is all natural gas, which is ~$1.22 / CCF.

5 years ago | Likes 1 Dislikes 0

That doesn't make sense. that would be dividing by 100, not 1000. What about people claiming a $2000 bill for one day? also miscalculated?

5 years ago | Likes 1 Dislikes 1

There's a systemwide cap around the $9000/MWhr mark in Texas which explains the high side - the average I used was across all utilities...

5 years ago | Likes 1 Dislikes 0

.. and the one provider (Griddy) used spot market prices that meant huge bills for customers BUT it was a small provider (30k customers)

5 years ago | Likes 1 Dislikes 0

Don’t know, the dollar amount is only part of the story, actual use of kWh is the other part.

5 years ago | Likes 1 Dislikes 0

decimal point error, indeed. i read highest they charged was 9$ per KWhr "to reflect higher demand" or similar disgusting excuse

5 years ago | Likes 3 Dislikes 1

And it was only for a single supplier - the majority of consumer utility companies do not purchase power on the spot market

5 years ago | Likes 2 Dislikes 0

yes, it gets over-read easily. its not trivialising saying that many who in fact had electricity did not have to pay more. it sadly is...

5 years ago | Likes 1 Dislikes 0

just a side note, tho. people froze to death. failures on so many levels.

5 years ago | Likes 1 Dislikes 0

Units are definitely wrong. Also the only consumers exposed to this pricing are those who used Griddy, a retail electric provider which

5 years ago | Likes 49 Dislikes 0

edit (Griddy and variable rate plan customers)

5 years ago | Likes 1 Dislikes 0

gives access directly to the wholesale market with no contract spot pricing. Every two or three years we have stories of people who got

5 years ago | Likes 32 Dislikes 0

caught out during peak demand when prices rise to the regulatory cap, nearly 1000x normal pricing at $9000/MWhr.

5 years ago | Likes 25 Dislikes 0

Wholesale price is usually $ .01-.03 kWhr... capped price is $9/kWhr. Retail prices are $ .06-.15 /kWhr depending on location.

5 years ago | Likes 18 Dislikes 0

Wow, In BC Canada our second tier use price is 0.13 Can. if/when I hit it, And I have been complaining on the first tier pricing

5 years ago | Likes 1 Dislikes 0

Confirmed, units are wrong, divide prices by 1000

5 years ago | Likes 12 Dislikes 0

So 'normal' price is $0.022/kWh? That doesn't seem right either.

5 years ago | Likes 1 Dislikes 1

The wholesale power is extremely cheap at times, but it does up and down every 5 minutes. It’s actually lower than that at this moment

5 years ago | Likes 1 Dislikes 0

This gives you prices for each Power Plant real time http://www.ercot.com/content/cdr/html/current_np6788

5 years ago | Likes 0 Dislikes 1

Normal for here is between $0.10/kWh and $0.22/kWh. It largely depends on your plan

5 years ago | Likes 1 Dislikes 0

$.10 is about right $.22 is way high

5 years ago | Likes 1 Dislikes 0

$22 kWh is NOT an acceptable starting point. Not unless that energy is generated by naked models running a hamster wheel.

5 years ago | Likes 33 Dislikes 5

It's poorly understood by Twitter poster, it's $22 per MWh, or $0.22 per kWh. Still, $10.- per kWh is insane

5 years ago | Likes 24 Dislikes 1

$0.22/kWh is pretty bad, too.

5 years ago | Likes 3 Dislikes 1

The correct price is $0.022 per kWh, $22 mWh / 1000 kW per mW equals $0.022

5 years ago | Likes 2 Dislikes 1

Pretty normal price in EU. DE pays 30 ct/kWh. But than again, I can see that being a problem, if you have to rely on electricity for heating

5 years ago | Likes 4 Dislikes 0

We pay 12p per kWh which is fine other than our damn electric radiators, we only use one which costs us about 50p per hour

5 years ago | Likes 1 Dislikes 0

It’s not even $.22, it’s $0.022, still off by a factor of 10

5 years ago | Likes 8 Dislikes 3

2 cents per kwh? That would mean it'd have literally the cheapest energy in the entire world, which is far from true.

5 years ago | Likes 1 Dislikes 0

Nope the “wholesale” prices really are $0.02 to $0.05 per kwh most of the time. http://www.ercot.com/content/cdr/html/current_np6788

5 years ago | Likes 1 Dislikes 0

Bullshit. Texas is mostly natural gas. Natural gas costs about $.009 per cubic foot, and ten cubic feet can produce 1 kWh. They'd be

5 years ago | Likes 1 Dislikes 1

Can someone just redo #1 using unedited source units of measurement? Showing residential power in MWh is like pricing milk by the hogshead.

5 years ago | Likes 2 Dislikes 1

Your home electricity meter measures in kilowatt hours, your average home uses around a megawatt hour per month.

5 years ago | Likes 2 Dislikes 1

The “normal” Texas price is $0.022 per kilowatt hour, the maximum is $9.00 per kilowatt hour

5 years ago | Likes 3 Dislikes 2

An average home uses say 1000 kilowatt hours a month. So on Griddy you could pay $22 a month in theory, or if the prices maxed out for a

5 years ago | Likes 3 Dislikes 1

No one said capitalism is noble. It’s a market system & not a bad one. You just need to regulate corporations & hold them the f responsible.

5 years ago | Likes 15 Dislikes 6

Move on over to Conservative boards. They constantly speak of capitalism being the noble path compared to the evil socialisms.

5 years ago | Likes 1 Dislikes 0

It’s like comparing apple and oranges

5 years ago | Likes 1 Dislikes 1

Most if not all of the Socialist countries so revered on here are capitalist. If not they wouldn't have the money for socialist programs.

5 years ago | Likes 8 Dislikes 3

Youre disturbing the echo chamber.

5 years ago | Likes 7 Dislikes 1

Yeah I know. I have issues with that.

5 years ago | Likes 3 Dislikes 2

Or just move away from systems that service the rich and hang the people of the nation. Capitalism is Monarchism with extra steps.

5 years ago | Likes 9 Dislikes 7

No. It’s not. Capitalism enabled innovation & scientific development. We need regulation, that’s all. Monarchy? Wtf. Are u dumb?

5 years ago | Likes 3 Dislikes 4

Name one corporation that's landed a man on the moon like a US government agency did.

5 years ago | Likes 1 Dislikes 1

Space X will. But Mars. Just wait. Who invented the car? Who invented the plane? State owned companies? No. Try again.

5 years ago | Likes 1 Dislikes 3

My point was that you don't NEED corporations to have innovation, not that they don't innovate. Stop moving goalposts.

5 years ago | Likes 1 Dislikes 0

It's not just corporations, capitalism trains people to consume useless things, many of which ends up as trash, which pollutes our oceans, /

5 years ago | Likes 2 Dislikes 2

Regulation

5 years ago | Likes 1 Dislikes 2

/lands, and air. It takes a person's life away from them with false promises of security. Trading the actual human experience of living for/

5 years ago | Likes 2 Dislikes 2

Again: Regulation

5 years ago | Likes 1 Dislikes 2

/one of repetitive tasks, unhealthy food, and mindless greed.

5 years ago | Likes 2 Dislikes 2

REGULATION

5 years ago | Likes 1 Dislikes 1