I feel terrible for people in that situation. OK having said that, I don't intend any of the following to be an attack, criticism, or affront to anyone, just my honest feeling about the matter....03Lightningrocks wrote: ↑Mon Feb 22, 2021 7:30 pm
I could never pay a 17K bill, even with a "payment plan", LOL... so your payment would be 500 a month for three years? They have to help these people. Yeah, they gambled some with variable rates but nobody expected it to be that kind of gamble. Maybe a nickle a KWh or something...but my gosh! Even a two thousand dollar bill would be crazy in a house.
A gamble is just that. If you can't afford to lose, you can't place the bet.
My wife and I had this exact conversation a while back. A nice guy would come by every 5-6 months and talk to me about changing to save a lot of money. We discussed worst case scenarios and he gave me the averages for events of the past and my wife dug up some research that was more similar to what happened last week. We decided that paying a bit more all the time beat being unable to pay even once, ever.
Sounds harsh, maybe but it's not fair to those who take responsibility for themselves to bail out those who don't. It's either paid for with my tax dollars or my future electric rates... so unless I get a $17,000 credit to apply going forward- I'm against it.
If you bail them out this time, they'll buy the cut rate plan again and look for the bail out next time as well.... sounds much like paying off student loan debts for all.
Maybe the real investigation should be into the spot pricing- multi-thousand % increases in a day or two smells fishy to me... maybe the honest rate is only a couple times normal and that's something people can pay off and learn from.
