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Monitor Says: Texas Overcharged $16 Billion for Power During Freeze
“An independent market monitor said the Texas power-grid operator made a critical mistake that resulted in $16 billion in electricity overcharges last month, and recommended that the charges be reversed.”
“The monitor concluded that Texas kept wholesale prices high for 33 hours longer than warranted as the state dealt with a major winter storm that led to power shortages and mass blackouts and should correct this mistake by retroactively repricing its wholesale power market for that period.”
Texans sniveling about the “high price of juice” should sit back and remember, they are the people that loathe regulations and boast of the many benefits of the unregulated free market capitalism practiced in the United States.
Well the whiny b!tches should suck it up and pay the billionaires the money the billionaires worked so hard to earn during that once-in-a-century cold snap. Why should the billionaires be cheated out of a windfall they so rightly deserve?
But, the whiny b!tches in Texas should be happy for the billionaires, next time, the unregulated free market capitalism practiced in the United States, could provide a $16 billion windfall for the Texas power grid customers. Oh, that’s right, it seems the unregulated free market capitalism practiced in the United States, isn’t designed to benefit consumers with such windfalls.
But, that should please the Texans, knowing the billionaires’ riches are protected by the system. After all, as of January 26, 2021, during the COVID-19 pandemic, the billionaires’ wealth increased by $1.1 trillion over a ten month period. It’s fortunate the COVID stimulus bills made the money available so the billionaires could continue to grow their wealth during the crisis. Their hard work certainly paid off.
However, the COVID-19 stimulus didn’t help average Americans nearly as much as it did the billionaires, the United States suffered the sharpest rise in its poverty rate in more than 50 years. It’s obvious that robust economy the trump Nazis boast of, is just another lie from their wannabe führer.
Regardless of the poverty level, storm damage, or the ongoing failure of the Texas power grid to update its equipment, the power company’s customers should shut up, and pay up, the billionaires earned that money. Also, the stinking-hot summer is just around the corner, and who knows, the grid could overheat, crash, and leave Texans sweltering. No one is going to force the Texas power company to spend the billionaires’ money to make the needed improvements.
But, on the up side, during a crisis, average Texans can always trust AOC to help them in every way possible, that selfish, little, progressive b!tch.
www.businessinsider.com
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Monitor Says: Texas Overcharged $16 Billion for Power During Freeze
“An independent market monitor said the Texas power-grid operator made a critical mistake that resulted in $16 billion in electricity overcharges last month, and recommended that the charges be reversed.”
“The monitor concluded that Texas kept wholesale prices high for 33 hours longer than warranted as the state dealt with a major winter storm that led to power shortages and mass blackouts and should correct this mistake by retroactively repricing its wholesale power market for that period.”
Texans sniveling about the “high price of juice” should sit back and remember, they are the people that loathe regulations and boast of the many benefits of the unregulated free market capitalism practiced in the United States.
Well the whiny b!tches should suck it up and pay the billionaires the money the billionaires worked so hard to earn during that once-in-a-century cold snap. Why should the billionaires be cheated out of a windfall they so rightly deserve?
But, the whiny b!tches in Texas should be happy for the billionaires, next time, the unregulated free market capitalism practiced in the United States, could provide a $16 billion windfall for the Texas power grid customers. Oh, that’s right, it seems the unregulated free market capitalism practiced in the United States, isn’t designed to benefit consumers with such windfalls.
But, that should please the Texans, knowing the billionaires’ riches are protected by the system. After all, as of January 26, 2021, during the COVID-19 pandemic, the billionaires’ wealth increased by $1.1 trillion over a ten month period. It’s fortunate the COVID stimulus bills made the money available so the billionaires could continue to grow their wealth during the crisis. Their hard work certainly paid off.
However, the COVID-19 stimulus didn’t help average Americans nearly as much as it did the billionaires, the United States suffered the sharpest rise in its poverty rate in more than 50 years. It’s obvious that robust economy the trump Nazis boast of, is just another lie from their wannabe führer.
Regardless of the poverty level, storm damage, or the ongoing failure of the Texas power grid to update its equipment, the power company’s customers should shut up, and pay up, the billionaires earned that money. Also, the stinking-hot summer is just around the corner, and who knows, the grid could overheat, crash, and leave Texans sweltering. No one is going to force the Texas power company to spend the billionaires’ money to make the needed improvements.
But, on the up side, during a crisis, average Texans can always trust AOC to help them in every way possible, that selfish, little, progressive b!tch.
Texas monitor says state power-grid operator overcharged $16 billion in electricity bills during power outages
The report also recommended that the inflated charges be reversed, and the Public Utility Commission will discuss actions on Friday.
www.businessinsider.com
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