[hn_230601]

There are fixed rate and variable rate electricity plans in Texas.

With fixed rate you are on a 6-36 month contract where your rate is fixed typically around the $0.12/kWh you mentioned above.

Variable rate plans change the rate month to month but has never been near the $7.00/kWh you're claiming https://shellenergy.com/Historical-Rates

Griddy was the company that hit the headlines who sold at live wholesale prices as you used electricity had 29k customers and is not how the typical electric company in Texas works https://en.wikipedia.org/wiki/Griddy_(company)

[mike_d]

> Griddy was the company that hit the headlines [...]

Yes, most sane well regulated places don't allow things like this to exist in the first place.