Texas freezes ,ted cruz flies to cancun

[WuWei]

@PeterGriffin

@zantax

Again, there are no exceptions in the anti gouging statute.

What is exorbitant or excessive? If the state sets the upper rate then clearly that can’t be exorbitant or excessive.

What’s the upper limit on a bottle of water?

[PeterGriffin]

@WuWei

What’s the upper limit on a bottle of water?

I don’t know. What upper rate did the State of Texas set the price of a bottle of water?

[CanadianJudo]

@zantax

@tnt

@zantax

Except for that whole no price gouging during declared disaster thing, which has no exceptions.

It’s not gouging if it is per a lawful contract.

the prices were raised per an agreed upon, lawful contract.

They didn’t just raise them because they thought they could. they raised them per the clearly defined contract.

Again, there are no exceptions in the anti gouging statute.

The Public unity commission approved the rates during the crisis.

[WuWei]

@PeterGriffin

@WuWei

What’s the upper limit on a bottle of water?

I don’t know. What upper rate did the State of Texas set the price of a bottle of water?

Whatever it was before the designated date.

[TheDoctorIsIn]

It’s quite a poorly written law.

[CanadianJudo]

@TheDoctorIsIn

It’s quite a poorly written law.

dude the utility commission order the rate increase themselves, they approved it.

[CanadianJudo]

@WuWei

@PeterGriffin

@WuWei

What’s the upper limit on a bottle of water?

I don’t know. What upper rate did the State of Texas set the price of a bottle of water?

Whatever it was before the designated date.

The PUC met Feb. 15 to address the pricing issue and decided to order ERCOT to set prices administratively at the $9,000/MWh systemwide offer cap during the emergency.

“At various times today (Feb. 15), energy prices across the system have been as low as approximately $1,200[/MWh],” the order states. “The Commission believes this outcome is inconsistent with the fundamental design of the ERCOT market. Energy prices should reflect scarcity of the supply. If customer load is being shed, scarcity is at its maximum, and the market price for the energy needed to serve that load should also be at its highest.”

Texas regulators keep prices near $9,000/MWh cap during rotating outages

Texas government at work.

[WuWei]

@CanadianJudo

Texas government at work.

Good thing you aren’t a Texan, whew!

[CanadianJudo]

@WuWei

@CanadianJudo

Texas government at work.

Good thing you aren’t a Texan, whew!

I know, this would never happen in Ontario.
people would literally burn the Provincial government down.

[WuWei]

Have a nice evening.

[PeterGriffin]

@WuWei

Whatever it was before the designated date

Texas hasn’t set any rates on what a bottle of water sells for. Have they? What was it before the declared emergency and then after?

Part of the problem is that “exorbitant or excessive” isn’t defined in the law, but if it was then people would nudge right up to it. I guess it’s like Gestalt, when you see it you know it.

I still think it’s gonna be a damned hard sell to get a 5th Circuit court judge to agree that rates set by the state are now exorbitant or excessive.

[CanadianJudo]

@WuWei

Have a nice evening.

Texas government raised rates on consumers during a state wide blackout, ice storm.
they literally left their citizen to die in the cold so they could pocket their corpses.

[PeterGriffin]

@CanadianJudo

Texas regulators keep prices near $9,000/MWh cap during rotating outages | S&P Global Commodity Insights

Texas government at work.

Behold, the Invisible Hand of the Free Market at work! Now watch as that hand curls up into a fist…

[CanadianJudo]

@PeterGriffin

@CanadianJudo

Texas regulators keep prices near $9,000/MWh cap during rotating outages | S&P Global Commodity Insights

Texas government at work.

Behold, the Invisible Hand of the Free Market at work! Now watch as that hand curls up into a fist…

don’t worry Biden will come bail them out.

[PeterGriffin]

@TheDoctorIsIn

It’s quite a poorly written law

Yeah, I don’t know that much about writing a law but I know undefined terms when I see them.

But how do you write it in such a way that prevents people from having reasonable leeway based on the market without giving them a percentage they can bump right up against?

[WuWei]

@PeterGriffin

Texas hasn’t set any rates on what a bottle of water sells for. Have they?

No. And thank you.

[PeterGriffin]

@WuWei

No. And thank you

Apparently you’re making some kind of point I’m not smart enough to pick up on. What is it?

[CanadianJudo]

@PeterGriffin

@TheDoctorIsIn

It’s quite a poorly written law

Yeah, I don’t know that much about writing a law but I know undefined terms when I see them.

But how do you write it in such a way that prevents people from having reasonable leeway based on the market without giving them a percentage they can bump right up against?

Funny enough the rate cap use to be normal.
but Texas increased it to the insane amount of 9,000 for some unkown stupid reason.

[WuWei]

@PeterGriffin

@WuWei

No. And thank you

Apparently you’re making some kind of point I’m not smart enough to pick up on. What is it?

Your “point” supports my position more than yours.

Was the limit set by the commission designated for emergencies or just a general cap?

[zantax]

@CanadianJudo

@PeterGriffin

@TheDoctorIsIn

It’s quite a poorly written law

Yeah, I don’t know that much about writing a law but I know undefined terms when I see them.

But how do you write it in such a way that prevents people from having reasonable leeway based on the market without giving them a percentage they can bump right up against?

Funny enough the rate cap use to be normal.
but Texas increased it to the insane amount of 9,000 for some unkown stupid reason.

If you ask me, if you sign up for a spot price plan, you should probably keep your eye on the spot price and turn your ■■■■ off when it spikes.

Still don’t think it will pass the gouging statute though.