Many of us are wondering why our electric bill feels like it’s on a rocket to the moon? The way electricity is bought and sold in the U.S. is broken, and it’s hitting our wallets hard. Let’s break it down in a way that makes sense, even if you’ve never thought about how your power gets to your home.

Big organizations like PJM, bringing electricity to 67 million in 13 Eastern states, and MISO, serving 46 million people in 15 Midwest states, decide which power plants—coal, gas, nuclear, wind turbines, or solar panels—send electricity to your lights, fridge, and TV.

They also decide how much those plants get paid. The way they do it is anything but fair. (Trump Team Floated Energy Incentives With Russia In ‘Sideline’ Ukraine Peace Talks: REPORT)

These grid managers use a system called “pay-as-clear” or “take-and-pay.” Imagine you’re hiring painters for your house. Each painter bids a price, and you pick the cheapest ones. Then you pay all of them the highest bid you take, even if it was way more than the others. That’s what’s happening with our electricity.

Every power plant that gets picked is paid the highest accepted bid, no matter how low they offered to sell their electricity. Like........

© The Daily Caller