Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example

  • rand_alpha19@moist.catsweat.com
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    5 months ago

    there is a cap at $5000/MwH

    It’s MWh (megawatt hours). That’s only for wholesale electricity, which is available to retail electrical providers, not consumers. So your utility company can charge you whatever they want, but their price is capped. Funny how that works.

    More info about the cap specifically available here. (PDF)

    • remotelove@lemmy.ca
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      5 months ago

      Ok, that clears up my misunderstanding then. I was thinking that the cap applied across the board. (That does change things a bit, don’t it?)