On Wed, Feb 17, 2021 at 10:46 AM John Sage <jsage@finchhaven.com> wrote:
This article is an interest description of Texas electricity pricing for one provider and for the market in general: https://www.dallasnews.com/business/energy/2021/02/16/electricity-retailer-g...
That is far from the market in general. Most people use a fixed rate plan (can easily find one without rebate for <10c/kwh after taxes & fees). The customer would have to make an explicit decision to pick a variable/market rate plan (excluded by default on http://powertochoose.org/) with higher risk and cheaper electricity when the wholesale price is low. http://www.puc.texas.gov/consumer/facts/factsheets/elecfacts/Electricplans.p...
Changing Rate (Variable) Plans have rates per kWh that can vary according to a method determined solely by the provider and may be dependent on market changes and other exceptions beyond the provider's control Market Rate (Indexed) Plans have rates per kWh that can vary according to pre-defined publicly available indices or information and other exceptions beyond the provider's control
The highest the price can go to is $9/kWh (which has only ever happened 0.005% of the time.) Most of the time though, 96.9% to be exact, it is below the Texas Average of 6.8ยข/kWh https://www.griddy.com/texas/learn-more#learn-pricing