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Texas power bills out of control?
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(02-20-2021, 11:19 AM)mikesez Wrote:(02-19-2021, 11:16 PM)EricC85 Wrote: https://www.the-sun.com/news/2371047/tex...nd-freeze/ The power still costs the same amount to generate, responsive pricing is based on the misguided idea that people will use less power if the price goes up during times of intense demand, thus moderating that demand. Of course it's the same reason that medical costs aren't responsive to price changes, if it's a matter of life and death (which intense cold can be) then a person will literally agree to any cost to avoid dying. This is another reason why strong regulation is a much better solution in many markets than laissez faire. |
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