this post was submitted on 08 Aug 2023
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[CBS] Electricity rates in Texas skyrocket amid statewide heat wave (www.cbsnews.com)
submitted 2 years ago by btaf45@lemmy.world to c/texas@lemmy.world
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[–] btaf45@lemmy.world 1 points 2 years ago* (last edited 2 years ago) (1 children)

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 -- they just assume readers have basic common sense. But the retail rates obviously depend on the wholesale rates, so goodluck when you have to renew your rates.

[–] HairHeel@programming.dev 2 points 2 years ago (1 children)

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.

[–] btaf45@lemmy.world 1 points 2 years ago

Okay I see what you mean. That is a weird way to describe wholesale rates.