this post was submitted on 06 Jul 2023
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To be clear, I meant contracts that follow the spot market. I used to have one, so my electricity prices went up and down with the spot market, but negative anything meant 0 for me. Same with euribor, when it was negative, it was still 0 for the end user, and the bank got a bigger margin.
That sounds like capitalism. Have you tried being a billionaire to have enough power to strong-arm the bank into giving you a fair share?
I try it every day, but I keep failing at the first part, being a billionaire.
Better vote for tax breaks for the rich, then, so that noone is going to take away your money on the way there.