> But consumers could not handle that 800% increase; most people can't handle an unexpected expense of a few hundred dollars
Many places that enable spot price electricity contacts for consumers have other kinds of contacts available too. Consumers who choose spot do it if they trust it's on average a win. There are also hybrid models where there is a price ceiling or other hedge.
Many places that enable spot price electricity contacts for consumers have other kinds of contacts available too. Consumers who choose spot do it if they trust it's on average a win. There are also hybrid models where there is a price ceiling or other hedge.