How do Texas residents afford electricity during high-demand?
How do Texas residents afford electricity during high-demand?
Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example
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More questions here than answers, unfortunately.
It's my understanding that there is a cap at $5000/MwH ($5/kwH). That is still hella expensive, but would only be for a day or two at maximum?
For the headlines of +$16000 power bills, that is probably a one-off for heavy power consumers, like businesses that have massive freezers and such, correct?
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Not correct.
I have coworkers in Texas that got hit with multi thousand dollar bills during brown outs.
Deregulating critical services never ends well for the consumer.
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I have a friend from high school that got hit with a something like $20,000 bill because he signed up for some discount program on his electric bill. The freeze a couple years ago did similar things to demand and he got hit with a massive bill.
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I presume he couldn't pay it? What happens after that? Do you get blacklisted from power companies?
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You get tossed to collections and your credit is ruined. It makes it very hard to rent, finance anything or get certain jobs.
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A properly insulated industrial freezer should consume less electricity than a house with AC, even if it's set at a reasonable temp.
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TIL. It makes sense that they can be more efficient now that you pointed that out.
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I'm curious as to how this would compare to a properly insulated home?
most the houses in texas are uninsulated to keep construction costs down. (despite the fact that even a minimal amount of insulation would pay for itself inside of a year or two.) (Why would you want to insulate against heat, right? global warming is a woke-ist hoax! /s)
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