Originally Posted by
GeorgeParker
Exactly! But these plans were sold to consumers on the basis that you'll be paying half as much or maybe even 1/3 as much as your neighbors for electricity, and consumers weren't warned that there was literally no limit to how high the price could go if things got crazy, or that it could jump that high instantly with no warning. And whatever warning exists is buried deep in the small print so that all the customer sees is a safe sounding line like "the price per kilowatt-hour on this plan will vary and may change frequently." IOW there was no effective warning that you're making a high-stakes bet. But in defense of the electric providers that sold these plans, it's pretty certain that nobody ever thought wholesale electricity costs had any chance of suddenly becoming $9/kilowatt or even $1/kilowatt.