[chii]

> so regardless of timing or how much blackout they experienced relative to everyone else, they did experience blackouts. And still paid a lot of money too.

free market doesn't guarantee anything. You're assuming that the free market without price control is supposed to guarantee the access to electricity, even at exorbitant prices.

Those who paid a high bill who did eventually got cut off - they got a bad deal because they weren't savy enough to do risk management, and didn't have enough information on such rare events.

[rtpg]

Free markets _do_ presuppose supply being available if given enough money! Free markets assume atomic actors, instant feedback loops, and nothing like a supply ceiling.

The Texas blackout had a supply ceiling, but no price ceiling (and low elasticity in choice from the consumers, because people didn't want to freeze). It's a far cry from a free market during that week.