People Are Explaining That What Happened To Texans Is Due To The Rich Being Greedy In 30 Posts

People Are Explaining That What Happened To Texans Is Due To The Rich Being Greedy In 30 Posts


The argument, as some experts put it, is simple: even though winter snaps like this one are rare, the power infrastructure in Texas needs to be overhauled, improved, and upgraded to ensure that it functions in times of crisis. What’s more, there are calls for more regulation of the electricity market so that the infrastructure is properly maintained.

As Rebecca Goetz, an associate professor of history at NYU puts it, deregulation might lead to lower prices for the consumers (i.e. us because we’re choosing the suppliers ourselves, thus making everyone compete for our attention by lowering their prices), but it also leads to confusion. Your electricity supplier might not be the company that fixes your grid when something happens to it. Furthermore, maintenance fees aren’t enough to maintain the infrastructure. Or, in other words, you get what you pay for.

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