You do realize that prices *have* to rise to keep up with increased demand, right? It's literally supply and demand. Prices have to rise so that supply increases and equilibrium is met. Otherwise there would be shortages and demand would not be met
Marianne Williamson
 @marwilliamson
18 Feb 2021
This is capitalism completely disconnected from any ethical consideration. Charging people in Texas more for energy right now is morally criminal - especially since they have none! And no, this is not “just the way things are.”
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I assume you’re joking.
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Again, prices fluctuate based on supply and demand. @ERCOT_ISO recognize that there is a shortage right now due to a demand shock. So prices have to rise so that supply increases and equilibrium is met. Please learn economics. Start here: core-econ.org/
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Replying to @LibertarianWonk @ERCOT_ISO
Supply and demand is not a religion. There are humanitarian principles that must transcend an economic structure.

Feb 18, 2021 · 4:04 PM UTC

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Replying to @marwilliamson @ERCOT_ISO
It’s an economic model that has been theoretically and empirically verified through decades of research. Demand shocks can cause shortages due to demand being greater than supply. Prices need to rise so that supply can than sufficiently meet demand