• 0 Posts
  • 5 Comments
Joined 9 months ago
cake
Cake day: June 9th, 2024

help-circle

  • Uber-like surge pricing on electricity

    We don’t really: that story you heard from a few years ago was the only company that billed like that. The customers made a bet that the pricing averages through the day (lower at night, higher cost during the day) would average out in their favor over fixed-cost billing, and frankly, it did right up until it didn’t.

    They took a risk and got bit by, frankly, not understanding how the system works and basically ate the spikes.

    Everyone else paid $0.09/kwh or so during that whole period, and the electric providers ate the cost because when you’re averaging out spikes across millions of kwh, it won’t lead to bankruptcy.