This is a misleading article quoting the wholesale market rates that are normally paid by factories, utility providers, etc. The vast majority of Texans pay a set rate every month to their utility provider, who ideally generates enough to cover demand, but has to buy from the wholesale market if they fall short (or can sell back to the wholesale market if they over-produce).
There’s a small number of people who pay wholesale rates for their residential service, but many of them learned their lesson after that big freeze a few years back. Generally that kind of plan is geared to people who have their own generator, solar, etc and only buy from the grid in rare situations.
This is a misleading article quoting the wholesale market rates that are normally paid by factories, utility providers, etc.
Of course they are the wholesale rates. Nobody thinks they are retail rates because we all know our retail rates are fixed. Not “misleading” to anybody. But the retail rates obviously depend on the wholesale rates, so goodluck when you have to renew your rates.
Hopefully the lemmy user base is smarter about this than Reddit was, anyhow. God knows enough people over there got confused every time a story like this was posted.
I get the feeling the author of this article, who described it as “The rate Texas residents pay for energy” might be confused on the difference between wholesale and residential rates though.
