[jlmorton]

This is the wholesale price of electricity. The distributors plan for price surges like this, and the retail price stays the same.

Although, the Texas electricity market is deeply weird, and people can actually pick an electricity provider, and some let people pay a price based on the wholesale rate, but not many people do that.

[DannyBee]

You can't have consumer plans that bill at wholesale rates anymore in texas.

After the last time consumers were caught out, they banned it in HB16 in 2021: https://legiscan.com/TX/bill/HB16/2021