Because that’s what the electric company is paying, and if it stays high our contracts go up next year
Comment on How do Texas residents afford electricity?
Zron@lemmy.world 2 years agoThen what’s the point in having a day by day rate?
TexMexBazooka@lemm.ee 2 years ago
TheGalacticVoid@lemm.ee 2 years ago
It’s the same reason why the fed controls interest rates. Entities higher up the chain deal with those volatile costs so we don’t have to.