Real-time prices have exploded due to a heat wave blanketing Texas over the next week. CEO Jesson Bradshaw gives his take on the uncertainty of buying “wholesale” electricity being offered by @gogriddy.pic.twitter.com/djs7qKY2YB
Here’s our proposal: You’re a good guy trying to save Texans money on electricity. We’re a good guy trying to save Texans money on electricity. Let’s take the fight to the REAL bad guys and let’s save Texans BILLIONS of dollars in electricity.
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What we respect most about this competitive market is the room it affords for innovation and increased opportunities for the consumer. Both of our companies want to help Texans save money in the electricity space.
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And while we fully support a consumer's right to buy their electricity subject to the real-time energy market, as a consumer advocate, we want to ensure Texans are fully aware of the risks involved.
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We are concerned your messaging about
#alwayscheaper is misleading the general consumer. We believe those that are hypersensitive to price and can’t significantly change their consumption during spikes are not well served by this model.Thanks. Twitter will use this to make your timeline better. UndoUndo
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And therefore the promised overall savings versus other fixed price options may not be a reality for the average consumer. The bottomline is that we believe consumers are best served by becoming more aware of what they are paying and who they have providing their electricity.
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Far too many Texans are significantly overpaying just because they have fallen out of contract or are paying obscene renewal rates.
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