Comment on How do Texas residents afford electricity?
rand_alpha19@moist.catsweat.com 4 months agothere is a cap at $5000/MwH
It's MWh (megawatt hours). That's only for wholesale electricity, which is available to retail electrical providers, not consumers. So your utility company can charge you whatever they want, but their price is capped. Funny how that works.
More info about the cap specifically available here. (PDF)
remotelove@lemmy.ca 4 months ago
Ok, that clears up my misunderstanding then. I was thinking that the cap applied across the board. (That does change things a bit, don’t it?)