I'm a PITA at contract signings like annuities and house closings because I read everything and I ask questions. Hey, it's my money.![]()
I'll agree that seeing electricity go to even a buck or two per Kw is not a scenario many people besides the utility foresaw. But we're all taught from early on that a deal that's too good to be true needs to be examined carefully. Why would an electric utility provide power at half or one-third the usual rate unless there was some protection for them? They're not in it to lose money. Take the deal if you want but recognize you could get bitten, as many did.
Then there's the matter of how to remedy the situation. I find it somewhere between hypocritical and comical that the political party of personal responsibility is the one advocating for all of Texas to bail out those who profited from low electricity rates (perhaps for years) now that the waste material has hit the electric-powered air propulsion device. The same state (likely some of the same R-legislators) is adept at telling poor people (in situations similarly not of their doing) to s*ck it up and get another job or something, but now they want to socialize hard times? Let the guy start a GoFundMe or something. Sorry if that seems harsh but what I'm seeing here is hugely out of character for the Republican party.