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What is Texas going to do about the price gauging with the electric companies?

Update:

For those that say it was in their contract it is still inexcusable to condone economic exploitation 

Update 2:

Since some of the people that answered obviously don't know what price gouging is here is the definition Price gouging occurs when a seller increases the prices of goods, services or commodities to a level much higher than is considered reasonable or fair. 

8 Answers

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  • RICK
    Lv 7
    1 month ago

    Nothing

    Republicans don't care how much corporations rip off the citizens.

    Republicans never have been and never will be "for the people"

  • TedEx
    Lv 7
    1 month ago

    Their politicians will do what all politicians do,  form a committee to conduct an investigation !

  • Anonymous
    2 months ago

    WILL THE RIGHT ALLOW THE LEFT TO DESTROY THIS COUNTRY OR WILL WE HAVE A CIVIL WAR

  • Anonymous
    2 months ago

    How is anyone supposed to know this? Seriously, what do you want f/ us? The word "deregulation" is as pleasing to a rightie's ear as the word "socialism" is displeasing. The crisis is a result of deregulation. This is known. Don't expect people to NOW be able to peel back the layers in complicated equations when 'surface' words are so effective.

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  • 2 months ago

    Those people could have asked for a fixed rate, as many did.  Some took a gamble, and lost.  It was in the contract they signed. 

  • Anonymous
    2 months ago

    Nothing. That's called CAPITALISM.

  • 2 months ago

    During a pandemic and a statewide black out if your electric bill was $200 a month and now it is $20,000 than that is price gauging 

  • 2 months ago

    It’s not price gouging 

    The contracts a few people signed stated that they get much cheaper rates during normal times and much more expensive rates during times of shortages 

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