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Not precisely true. Other retailers hedge, purchase in forward markets, and do off-market transactions to buy juice at less than wholesale.
If you have traders, you also need to hire risk managers, compliance experts, load forecasters, credit, settlements and energy accounting professionals. That's millions of dollars a year in overhead that every other electric provider has to pay that Griddy does not.
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Which makes me wonder, if big boys like Reliant & TSU won’t swim in the wholesale pool without implementing risk mitigation strategies, why should little ol me try to swim in that pool? No one knows the future, but I would expect more rather than fewer spikes in coming years.
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