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I had a quick search and immediately hit the headline “ Texas wholesale electric prices spike more than 10,000% amid outages”. That’s concerning.

https://mobile.reuters.com/article/amp/idUSKBN2AF19A

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Consumers were insulated from this because they only pay the price in their contract, not the wholesale price. There was one provider that offered lower rates in exchange for not giving that protection, which did not work out very well.

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