His Lights Stayed on During Texas’ Storm. Now He Owes $16,752
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Re: His Lights Stayed on During Texas’ Storm. Now He Owes $16,752
#2Any stories of people who made this kind of money from exporting power to the grid from a home solar and battery system?
Re: His Lights Stayed on During Texas’ Storm. Now He Owes $16,752
#3The people who are getting these huge bills are the same people who have been benefitting for years from the cheap wholesale prices.
So basically, they have been living with no insurance, and now that they have hit some serious price volatility, they can't afford it.
I'm not sure the best solution for this, but I don't think it should be for the state to just step in and absolve everyone involved.
Obviously, the practice of wholesale billing has to be regulated more strictly. I get the free market intention behind it. Users will be more likely to limit their usage when prices increase. But the problem is that in cases like these winter storms, electricity can mean life or death.
You can't have a truly free market unless we are willing to let people die if they don't have the money.
It's the same reason totally free markets break down with healthcare. If someone chooses not to buy insurance, we are not the kind of country that will turn them away at the hospital and let them die. And if you aren't willing to do that, then that is not a free market.
Re: His Lights Stayed on During Texas’ Storm. Now He Owes $16,752
#4The people who are getting these huge bills are the same people who have been benefitting for years from the cheap wholesale prices. So basically, they have been living with no insurance, and now that they have hit some serious price volatility, they can't afford it. I'm not sure the best solution for this, but I don't think it should be for the state to just step in and absolve everyone involved. Obviously, the prac…
It's not nor has it ever been a free market. The free market mythology which is invoked whenever it's a powerless party or the public involved in order to justify them paying for acts of nature which invalidate contracts in contract law is not a sound policy. When someone signs up for wholesale rates they are not disclosed the downside properly and if they were there is no way it would stand up in court, and it's simple enough for the wholesaler to get insurance on this which again would fail in case of which extreme unforeseen events. If we can bail out banks, corporations, and billionaires, we can bail out individuals due to extreme unforseen events of natures, contract law allows for this, for the contract to be null and void due to unforseen acts of nature.
Re: His Lights Stayed on During Texas’ Storm. Now He Owes $16,752
#5DIY Rocket Stove
$10 Tent heater
Rocket Stove with Computer Fan
and so on...
Re: His Lights Stayed on During Texas’ Storm. Now He Owes $16,752
#6It’s a shame because of bad actors (naive consumers) the rest of consumers will be punished by likely legislation prohibiting things like griddy
Re: His Lights Stayed on During Texas’ Storm. Now He Owes $16,752
#7I'm seriously disappointed in HN when the only responses to consumers getting $16K power bills are them getting blamed or instructed on how to live without electricity.
Re: His Lights Stayed on During Texas’ Storm. Now He Owes $16,752
#8Such unregulated ridiculous systems remain only in second and third world countries. The US being in the former category.
Re: His Lights Stayed on During Texas’ Storm. Now He Owes $16,752
#9I'm seriously disappointed in HN when the only responses to consumers getting $16K power bills are them getting blamed or instructed on how to live without electricity.
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Re: His Lights Stayed on During Texas’ Storm. Now He Owes $16,752
#10It’s a shame because of bad actors (naive consumers) the rest of consumers will be punished by likely legislation prohibiting things like griddy
More necessary regulation is a good thing for all consumers.