As Texas deep freeze subsides, some households now face electricity bills as high as $10,000 - GoHaynesvilleShale.com2024-03-29T15:54:56Zhttps://gohaynesvilleshale.com/forum/topics/as-texas-deep-freeze-subsides-some-households-now-face?commentId=2117179%3AComment%3A3975052&feed=yes&xn_auth=noThe Texas retail electric sys…tag:gohaynesvilleshale.com,2021-02-21:2117179:Comment:39758022021-02-21T16:19:19.194ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>The Texas retail electric system looks more bizarre each time we learn a new facet. Thanks. I think this will resonate for some time and require substantive action by Texas politicians.</p>
<p></p>
<p>The Texas retail electric system looks more bizarre each time we learn a new facet. Thanks. I think this will resonate for some time and require substantive action by Texas politicians.</p>
<p></p> Found on reddit:
Since I move…tag:gohaynesvilleshale.com,2021-02-21:2117179:Comment:39758792021-02-21T16:10:36.271ZMaxhttps://gohaynesvilleshale.com/profile/Max
<p>Found on reddit:</p>
<p class="_1qeIAgB0cPwnLhDF9XSiJM"><em>Since I moved to Texas I am blown away bu the number of plans that penalize you if you use LESS than a particular threshold of electricity. As an example (made up but estimated numbers): 12.5c per KWh At 1000 KWh, an $80 credit is applied to your bill At 1500 KWh, a surcharge of 5c/KWh is added.</em></p>
<p class="_1qeIAgB0cPwnLhDF9XSiJM"><em>This means that at 999 KWh, your bill is $124.88. at 1000 KWh, your bill is $45.00. at…</em></p>
<p>Found on reddit:</p>
<p class="_1qeIAgB0cPwnLhDF9XSiJM"><em>Since I moved to Texas I am blown away bu the number of plans that penalize you if you use LESS than a particular threshold of electricity. As an example (made up but estimated numbers): 12.5c per KWh At 1000 KWh, an $80 credit is applied to your bill At 1500 KWh, a surcharge of 5c/KWh is added.</em></p>
<p class="_1qeIAgB0cPwnLhDF9XSiJM"><em>This means that at 999 KWh, your bill is $124.88. at 1000 KWh, your bill is $45.00. at 1400 KWh, your bill is $95.00 . at 1600 KWh, your bill is $112.50. at 2000 KWh, your bill is $132.50</em></p>
<p class="_1qeIAgB0cPwnLhDF9XSiJM"><em>Based on this, you are almost forced to use at least 1000 KWh.</em> </p>
<p class="_1qeIAgB0cPwnLhDF9XSiJM"><em>Personally, I have always gone with plans that are straight up (flat 8 cents per KWh) so that saving energy means saving money, but the plans here definitely encourage wasteful energy use in some cases.</em></p>
<p class="_1qeIAgB0cPwnLhDF9XSiJM">Complicated huh? </p>
<p class="_1qeIAgB0cPwnLhDF9XSiJM"></p> An example of free market cap…tag:gohaynesvilleshale.com,2021-02-21:2117179:Comment:39756942021-02-21T14:00:45.800ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>An example of free market capitalism at its best.</p>
<p></p>
<p>An example of free market capitalism at its best.</p>
<p></p> Griddy members pay a $9.99 mo…tag:gohaynesvilleshale.com,2021-02-21:2117179:Comment:39757802021-02-21T13:51:51.282ZMaxhttps://gohaynesvilleshale.com/profile/Max
<p><em>Griddy members pay a $9.99 monthly fee and then pay the cost of spot power traded on Texas’s power grid based on the time of day they use it. Earlier this month, that meant customers were saving money — and at times even getting paid — to use electricity at night. But in recent days, the cost of their power has soared from about 5 to 6 cents a kilowatt-hour to $9.</em></p>
<p>They have around 29,000 customers.</p>
<p>Electric bill using 1000kh @ $.06 + $9.99 = $70</p>
<p>Electric bill…</p>
<p><em>Griddy members pay a $9.99 monthly fee and then pay the cost of spot power traded on Texas’s power grid based on the time of day they use it. Earlier this month, that meant customers were saving money — and at times even getting paid — to use electricity at night. But in recent days, the cost of their power has soared from about 5 to 6 cents a kilowatt-hour to $9.</em></p>
<p>They have around 29,000 customers.</p>
<p>Electric bill using 1000kh @ $.06 + $9.99 = $70</p>
<p>Electric bill using 1000kh @$9 + $9.99 = $909.99</p> Although Griddy has become th…tag:gohaynesvilleshale.com,2021-02-21:2117179:Comment:39754762021-02-21T02:23:26.713ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Although Griddy has become the whipping boy of Texas' deregulated power market, it is important to know that the company only has 29,000 customers. I expect that by the end of next week, they may have zero. I also suspect there may be a handful of other providers with consumer contracts pegged to the wholesale price of electricity on the ERCOT system. Tough choice to cancel Griddy with no option to be picked up by another provider until sometime next week. For many, the warming temps…</p>
<p>Although Griddy has become the whipping boy of Texas' deregulated power market, it is important to know that the company only has 29,000 customers. I expect that by the end of next week, they may have zero. I also suspect there may be a handful of other providers with consumer contracts pegged to the wholesale price of electricity on the ERCOT system. Tough choice to cancel Griddy with no option to be picked up by another provider until sometime next week. For many, the warming temps will allow them the option to go without electric service until they can sign on with other retail providers.</p>
<p></p> How many homes are on the Gri…tag:gohaynesvilleshale.com,2021-02-21:2117179:Comment:39754702021-02-21T02:10:23.368ZJHHhttps://gohaynesvilleshale.com/profile/JackHodges
<p>How many homes are on the Griddy system and where are they...large cities... small towns. Trying to get some perspective on the extent of the huge electric bills sent to members. thanks</p>
<p></p>
<p>How many homes are on the Griddy system and where are they...large cities... small towns. Trying to get some perspective on the extent of the huge electric bills sent to members. thanks</p>
<p></p> “Think of how stupid the aver…tag:gohaynesvilleshale.com,2021-02-20:2117179:Comment:39750522021-02-20T20:03:33.270Zfull namehttps://gohaynesvilleshale.com/profile/fullname
<div class="quoteText"><h1 class="quoteText"><span style="font-size: 12pt;">“Think of how stupid the average person is, and realize half of them are stupider than that.”</span></h1>
<br/> ― <span class="authorOrTitle">George Carlin</span></div>
<div class="quoteText"><h1 class="quoteText"><span style="font-size: 12pt;">“Think of how stupid the average person is, and realize half of them are stupider than that.”</span></h1>
<br/> ― <span class="authorOrTitle">George Carlin</span></div> A great majority of Texas vot…tag:gohaynesvilleshale.com,2021-02-20:2117179:Comment:39750482021-02-20T19:54:44.978ZMaxhttps://gohaynesvilleshale.com/profile/Max
<p>A great majority of Texas voters won't remember this in about a week. Light gulf winds and 70 degree days will make their memories melt like snow. </p>
<p>But, if they don't, I'm sure they will feel entitled to some socialist dollars to help fix things. </p>
<p> </p>
<p>A great majority of Texas voters won't remember this in about a week. Light gulf winds and 70 degree days will make their memories melt like snow. </p>
<p>But, if they don't, I'm sure they will feel entitled to some socialist dollars to help fix things. </p>
<p> </p> Maybe they can get an install…tag:gohaynesvilleshale.com,2021-02-20:2117179:Comment:39751792021-02-20T17:07:16.996ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>Maybe they can get an installment payment plan. Or Texas can use some of their CARES funds to pay it for them. In any case, those folks (voters) will not be happy!</p>
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<p>Maybe they can get an installment payment plan. Or Texas can use some of their CARES funds to pay it for them. In any case, those folks (voters) will not be happy!</p>
<p></p> More than likely, most of the…tag:gohaynesvilleshale.com,2021-02-20:2117179:Comment:39751762021-02-20T17:03:45.578ZMaxhttps://gohaynesvilleshale.com/profile/Max
<p>More than likely, most of them (and all of us too). </p>
<p>We all know the "Fine Print" is there to really tell what you're buying. Sometimes it's not what we expect.</p>
<p>After reading the article posted by full name, I'm thinking that those folks who signed on with those companies should have to pay unless there was some hanky-panky by the company. </p>
<p>More than likely, most of them (and all of us too). </p>
<p>We all know the "Fine Print" is there to really tell what you're buying. Sometimes it's not what we expect.</p>
<p>After reading the article posted by full name, I'm thinking that those folks who signed on with those companies should have to pay unless there was some hanky-panky by the company. </p>