This story is circulating around the internet, and since it's the "news", people are believing it. It looks good to the liberals that want the government to take over everything, and reports something that most people that practice critical thinking would ignore.
There's no way any utility would, or could, allow fuel prices to increase in a short period of time to that level. Even if it was possible, most would know they couldn't collect on bills that high, cut off the electricity, and go to the news with how they were getting screwed by their suppliers.
I think the story is BS, and I'm irritated it was even published without anyone doing some research.
We were sent a e mail this week saying our nat gas was going up 7500%.
ReplyDeleteIn Texas, there are laws against price gouging.
DeleteJess, i certainly hope that those prices are not correct. But if they are, i believe the governor of Texas may have something to say about it.
ReplyDeleteIt's hard to believe.
ReplyDeleteThe way I understand it is-
ReplyDeleteSome people took advantage of some kind of nitch plan that had them paying utility prices for electricity.
When normal weather is around, they can save money over being a utility's customer.
When the SHTF last week- they got a call from this company telling them they needed to be a regular utility company's customer because prices were fixing to go through the roof.
Some did, some couldn't- and those are the people the MSM is talking to.
That's my understanding. Those hit with the ultra-high increase are buying electricity wholesale, which is a usually a steal compared to normal consumers. Their rates are much lower, but like the petro-chemical customers in the local area, they are at the mercy of the generator and can either pay what is demanded, or not use the electricity.
DeleteThe local large facilities, when faced with blackouts during high demands, built cogeneration units to supply electricity, and sell back to the grid. I imagine some of those had none to spare in the cold, and the loss added to the problem.