How do Texas residents afford electricity during high-demand?
How do Texas residents afford electricity during high-demand?
Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example
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The article and comments here make me very happy to live in Quebec where the electricity is 0,067CAD per kWh for the first 40, then after it is 0,103CAD per kWh, and most of the time, that electricity is 100% renewable. In Québec we have many problems but the electricity is one big point to be proud of as a nation
A big part of that is it's all state owned. Having private companies in charge of something as vital and important as energy infrastructure is just pure folly imo.
Yeah 100%. the current government here has a tendency to do bad stuff and a big fear here is they will slowly make it more private owned. But I think that every essential service should be state owned. electricity, groceries, clothing, internet etc. We have too few companies here that share too much of the market
But I think that every essential service should be state owned. electricity, groceries, clothing, internet etc.
I'm right there with you. To think our food security hinges on a bunch of fat cats and the stock market makes me nauseous. If I start talking about the telecom industry, I might just throw my phone. Change is long overdue.
Telecom industry is so corrupt here it’s unbelievable they get away with it
I like how my state does it. The grid is managed by a public utility, but we can shop around for providers. The utility handles the billing, and switching providers is super easy. I'm paying 9.5¢/kWh for 100% renewable energy, which is about 10% cheaper than the base rate I'd pay if I just used the utility.
$0.058 / kWh here in rural Oregon, it's pretty awesome.
Now do the exchange rate.
How much is your income taxed? ~60%, like the rest of Canada?
The last bracket which starts at 235k is about 58% (but there are many ways to put money aside to lower your income bracket). But don't lose our hair worrying if we will have to file for bankruptcy to get basic healthcare. In Montreal we have a top 10 world university that costs less than 1000$ per semester for citizens. We also don't have to worry about people carrying guns around. But go on I guess
Holy propaganda-muncher 😂
If you want to talk about taxes, include cost of your healthcare. Because that's included in our taxes.
Fun fact, America pays as much per capita for healthcare through taxes as Canadians, but that only gets you Medicare and Medicaid. Americans sure get angry about a lot of things, but I never see them get angry about that.
According to ChatGPT:
15% on the first $49,275 of taxable income.
20% on the next $49,275 of taxable income (over $49,275 up to $98,550).
24% on the next $19,170 of taxable income (over $98,550 up to $117,720).
25.75% on the taxable income over $117,720.
Bullshit.