Most consumers already pay the increased electricity prices. The issue under discussion is the wholesale consumer, who had (up until now) been saving a bit of money by buying electricity directly at wholesale spot prices. Consumers who had payed a premium for a middle man company to take this risk in exchange for a fixed electricity price are not facing exorbitant bills.
I think that’s beside the point. If risky consumers are going to participate in the wholesale market, that risk will be priced in at the wholesale level instead of being separately hedged. The idea that consumers can have the freedom to participate in the wholesale market and get cheaper energy out of it seems unsustainable. They are inherently risky and have to pay for that risk at some level, in the long run (unless the state always bails them out)
