Price gouging is not cool - but how does a business curb demand when they have a limited supply? If they don’t curb demand the supply will reach zero fast.
The example I’ve seen used with Uber price gouging is this: suppose there is very high demand for Uber in NYC. If they don’t raise prices, all drivers will be occupied. The pregnant woman who’s about to deliver won’t make it because there’s zero supply. If they hike prices, yes she will have to pay a lot for her Uber - but it’s better than nothing.
Communication may have solved this I supposed. Make customers aware that prices will surge before they surge.
Texan. I will explain. Many Texans have the option of choosing their power provider. Griddy allows us to buy power at wholesale prices. You pay a membership fee and that is how Griddy makes their money, but the power cost is passed through without any markup from Griddy. Ordinarily if you use Griddy you’d pay less than a retail power provider. I considered going with Griddy when I last picked a power provider, but instead went with the cheapest retail provider I could find at the time. Not that it mattered much for me, because my power was out.
But, when wholesale prices skyrocket, you really need to turn stuff off or get hit with huge bills.
Whoever got hit with this bill likely received notifications about the price. They had a choice. Turn stuff off or get hit with a huge bill.
Edit: With a retail power provider, your rate is set, no matter what wholesale prices do. Is it higher than wholesale, yes. Is it guaranteed, yes.
He wont step in. Biden apparently had the power plants stand down for "environmental" reasons. 1 month in and he has blood on his hands. People died. A freaking kid died in his trailer home.
Price gouging. With this corrupt system that was fully exposed on Nov 3rd and subsequent days, all the criminals and villains in the country are rearing their FUGLY heads because they know (as of now) they will never face justice with this admin and court system.
We are truly living in the Wild West of lawlessness. It's starting to become time we, the people, reacted properly.
Progress (NWO) must take sacrifices in order to succeed. Pain is inevitable when changes occur. We must endeavor to persevere through the dark winter. By the way, get rid of your whiteness while you're at it.
My brother analyzes this for a living and had given a lecture that this can happen.
Unfortunately their marketing underplayed risk until 8/2019 when customers got reamed with a spike in power prices...he hasn’t seen the marketing after that but this is not unprecedented so buyer beware
Griddy partly abusive but consumers did not understand what they were buying
That sounds like a massive lawsuit and criminal charges incoming, but who fucking knows in clown world.
Price gouging is not cool - but how does a business curb demand when they have a limited supply? If they don’t curb demand the supply will reach zero fast.
The example I’ve seen used with Uber price gouging is this: suppose there is very high demand for Uber in NYC. If they don’t raise prices, all drivers will be occupied. The pregnant woman who’s about to deliver won’t make it because there’s zero supply. If they hike prices, yes she will have to pay a lot for her Uber - but it’s better than nothing.
Communication may have solved this I supposed. Make customers aware that prices will surge before they surge.
Texan. I will explain. Many Texans have the option of choosing their power provider. Griddy allows us to buy power at wholesale prices. You pay a membership fee and that is how Griddy makes their money, but the power cost is passed through without any markup from Griddy. Ordinarily if you use Griddy you’d pay less than a retail power provider. I considered going with Griddy when I last picked a power provider, but instead went with the cheapest retail provider I could find at the time. Not that it mattered much for me, because my power was out. But, when wholesale prices skyrocket, you really need to turn stuff off or get hit with huge bills. Whoever got hit with this bill likely received notifications about the price. They had a choice. Turn stuff off or get hit with a huge bill.
Edit: With a retail power provider, your rate is set, no matter what wholesale prices do. Is it higher than wholesale, yes. Is it guaranteed, yes.
Well said.
Supply and demand. If they don’t hike the price supply will drop like crazy. Would you rather pay super high rates for some lower, or have zero power?
Apparently some don’t realize, price hikes are a natural part of the free market. Without them there is no mechanism for curbing demand.
Whoever downvoted you needs a lesson in economics.
He wont step in. Biden apparently had the power plants stand down for "environmental" reasons. 1 month in and he has blood on his hands. People died. A freaking kid died in his trailer home.
Price gouging. With this corrupt system that was fully exposed on Nov 3rd and subsequent days, all the criminals and villains in the country are rearing their FUGLY heads because they know (as of now) they will never face justice with this admin and court system.
We are truly living in the Wild West of lawlessness. It's starting to become time we, the people, reacted properly.
Simple tort could fix this. Whoever caused prices to skyrocket can be sued.
Invest in home generators!
Xiden already did "step in". That's why the grid is down.
Progress (NWO) must take sacrifices in order to succeed. Pain is inevitable when changes occur. We must endeavor to persevere through the dark winter. By the way, get rid of your whiteness while you're at it.
My brother analyzes this for a living and had given a lecture that this can happen. Unfortunately their marketing underplayed risk until 8/2019 when customers got reamed with a spike in power prices...he hasn’t seen the marketing after that but this is not unprecedented so buyer beware
Griddy partly abusive but consumers did not understand what they were buying
Like GameStop stock there is no excuse now...
That's why I don't use Griddy...
Almost 5 years of using energyogre.com and have not been disappointed yet.