How do Texas residents afford electricity during high-demand?

SnausagesinaBlanket@lemmy.world to No Stupid Questions@lemmy.world – 258 points –

Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example

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Oh right I see here the old fallacy that economic agents have a full thorough understanding of all the choices and make fully rational decisions based on all the facts that exist, because why would you have facts not accessible to everyone?

If you have a point to make, say it.

Free market is a lie

Economics is not a science

Let the down votes come

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