TexasCHLforum.com

philip964 wrote: ↑Tue Apr 13, 2021 5:36 pm Griddy is saying $1.98 a KWh right now.

Channel 2 is saying ERCOT has ordered conservation.

What’s up did the wind stop again.

https://www.click2houston.com/news/loca ... n-outages/

carlson1 wrote: ↑Tue Mar 16, 2021 5:34 pm Energy Ogre works for me.

philip964 wrote: ↑Tue Mar 16, 2021 12:05 pm

03Lightningrocks wrote: ↑Tue Mar 16, 2021 11:37 am

philip964 wrote: ↑Tue Mar 16, 2021 9:00 am https://www.cnn.com/2021/03/15/us/gridd ... index.html

Griddy files for Chapter 11.

Griddy decided a few days ago I owed them another $300. It has been two weeks since they were removed by ERCOT as my energy provider and was sent to Power provider of last resort.

They took the $50 I still had on account, but I decided to not pay the last $250. Hopefully I won’t owe it down the road. Getting anything back is looking very remote.

I’m now with someone else who charges 9.5 cents a KWh all in. That’s only a penny above Griddy for 2020 and it’s fixed.

My power provider of last resort charged me around $7 for the one day with them. That was for 55 KWh. That would have been $495 under the PUC’s emergency order.

If that is the "all in" number"(meaning the bottom line divided by KWH used), that is not to bad. My bottom line number is 10.5 cents a KWH. It drops down by 1.5 cents a KWH if I use over 1200 KWH in one billing cycle.

That would be 9 which is better than me as I’m always over 1200 KWh. And yes that’s all in.

philip964 wrote: ↑Tue Mar 16, 2021 9:00 am https://www.cnn.com/2021/03/15/us/gridd ... index.html

Griddy files for Chapter 11.

Griddy decided a few days ago I owed them another $300. It has been two weeks since they were removed by ERCOT as my energy provider and was sent to Power provider of last resort.

They took the $50 I still had on account, but I decided to not pay the last $250. Hopefully I won’t owe it down the road. Getting anything back is looking very remote.

I’m now with someone else who charges 9.5 cents a KWh all in. That’s only a penny above Griddy for 2020 and it’s fixed.

My power provider of last resort charged me around $7 for the one day with them. That was for 55 KWh. That would have been $495 under the PUC’s emergency order.

philip964 wrote: ↑Fri Feb 26, 2021 10:19 pm https://www.mercurynews.com/2021/02/26/ ... -customers

Griddy shut off from grid by ERCOT.

MaduroBU wrote: ↑Fri Feb 26, 2021 1:03 pm

03Lightningrocks wrote: ↑Thu Feb 25, 2021 4:52 pm I am not understanding how this whole thing works. It sounds completely off the walls. Maybe that is a good reason I never got involved in such a crazy situation.

You mentioned making up the loss. Maybe your bill did not jump as much as some but I see no way to make up for a bill even as high as 1000 dollars. My average bill for the whole year is only 120 a month. I would have to get free electricity for almost a year to break even.

Are you telling me you get 0 dollar bills on occasion?

Power extremely cheap 99.9% of the time. Power is extremely expensive 0.1%. In a standard plan, you overpay a little 99.9% of the time to avoid the potentially brutal costs from the 0.1% of the time. In a market rate plan, you pay much less 99.9% of the time but are at the mercy of the market for the 0.1% of the time. The critical question is: can you mitigate the effects of the 0.1%? If you can, either with generation, drastically reduced usage, or a company that actively hedges (sort of a hybrid model), then you'll come out way ahead on a market rate plan. If you cannot mitigate the effects of those price spikes, then you're drastically better off with a fixed rate plan. As of today, Griddy has saved me about $500 over 2 years (was ~$650 on 2/1 and cost me about $150 extra for the month) because I can adapt my usage to the variable rates. YMMV.

flechero wrote: ↑Wed Feb 24, 2021 1:59 pm

03Lightningrocks wrote: ↑Mon Feb 22, 2021 7:30 pm
I could never pay a 17K bill, even with a "payment plan", LOL... so your payment would be 500 a month for three years? They have to help these people. Yeah, they gambled some with variable rates but nobody expected it to be that kind of gamble. Maybe a nickle a KWh or something...but my gosh! Even a two thousand dollar bill would be crazy in a house.

I feel terrible for people in that situation. OK having said that, I don't intend any of the following to be an attack, criticism, or affront to anyone, just my honest feeling about the matter....

A gamble is just that. If you can't afford to lose, you can't place the bet.

My wife and I had this exact conversation a while back. A nice guy would come by every 5-6 months and talk to me about changing to save a lot of money. We discussed worst case scenarios and he gave me the averages for events of the past and my wife dug up some research that was more similar to what happened last week. We decided that paying a bit more all the time beat being unable to pay even once, ever.

Sounds harsh, maybe but it's not fair to those who take responsibility for themselves to bail out those who don't. It's either paid for with my tax dollars or my future electric rates... so unless I get a $17,000 credit to apply going forward- I'm against it.

If you bail them out this time, they'll buy the cut rate plan again and look for the bail out next time as well.... sounds much like paying off student loan debts for all.



Maybe the real investigation should be into the spot pricing- multi-thousand % increases in a day or two smells fishy to me... maybe the honest rate is only a couple times normal and that's something people can pay off and learn from.

philip964 wrote: ↑Mon Feb 22, 2021 7:04 pm I was told by someone who went to the ERCOT site that Houston and Dallas had the most percentage of customers with outages.

Where as San Antonio or Austin for example had a much lower percentage of customers who went without power. So it may be Centerpoint and who ever it is in Dallas, said "hey we will take the fall for this, shut us off"

Or maybe if your trying to reduce big useage in a hurry its easier to flip a big switch than lots of small switches.

Governor is holding up bills for customers. I think a lot of small cheap electricity providers went bankrupt part way through all this (because they couldn't pass on the $9 rates to their customers or could not borrow money until their customers paid them), when they went out of business, their customers were thrown to the wolves. Their customers may not know at this point. In addition did any one read the fine print of the contracts they signed. It may be during an emergency you may not get the 12 or 15 cent electricity prices that were quoted. They may get to bump you to $9 like the Griddy customers did.

On Friday after the PUC order was removed electricity prices at about 10 am went from the artificial $9 a kwh to 2 cents a KWh because that was market at the time. Saturday I used 39.8 KWh and paid a total of 17 cents for power. Sunday I used 38.4 KWh and got paid 19 cents for using it.

The about 5 days last week cost me more than double my total yearly bill in 2020.

If I get any back, its going into a generator.

philip964 wrote: ↑Sun Feb 21, 2021 2:09 pm https://townhall.com/tipsheet/bethbauma ... k-n2585059

Electric bills as high as $17,000 for the 5 day disaster.

BTW Texas taxes the $17,000 at about $850 as well. They got to get their cut.