Texans Now Getting Hit With Massive Electric Bills; Highest Reported So Far Is $17,000

By The Blaze. The lights are back on for most all Texans after a disastrous week where millions saw extended power outages when the state’s power grid failed to keep up with brutal winter storms.

But now a new crisis has hit for many residents: massive electric bills that some say they cannot possibly pay. The highest reported so far for one residential customer is at $17,000 — and that’s just for the month to date as of yesterday. . .

Reporter Jason Wheeler of KHOU-TV has been covering the problem facing Texans who have variable or indexed (market rate) payment plans for paying their bills. Those types of bills fluctuate, whereas the plans selected by most folks are fixed.

Wheeler pointed out that just over the past few days, the wholesale price of one megawatt of power went from around $50 to $9,000, leading to retail customers with non-fixed plans receiving bills far beyond their budgets. . .

The highest was reported by Ty Williams, who showed Wheeler screenshots of his three electric meters totaling more than $17,000 between his home, guest house, and office for the current billing period on the meters thus far. He said the total for all three was only $660 last month. (Read more from “Texans Now Getting Hit With Massive Electric Bills; Highest Reported So Far Is $17,000” HERE)

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Some Texans Are Seeing Electric Bills as High as $17K After the Winter Storm

By KHOU 11. The Texas power outage has become the Texas power outrage. Electricity supply and demand in Texas has really stabilized now. But when it was grossly out of whack over the past several days, the cost of power in the wholesale market went crazy. It went from about $50 per Megawatt to $9,000. That didn’t affect retail many customers because they were on a fixed-rate plan. . .

But if you were on a variable or indexed plan, your rate — and therefore, your electric bill — may have skyrocketed. One customer messaged us:

“Mine is over $1,000…not sure how…700 square foot apt I have been keeping at 60 degrees.”

Another couple tweeted at us:

“Using as little as possible 1300 sq. ft. house and this is my bill. How is this fair. I only paid $1200 for the whole 2020.” (Read more from “Some Texans Are Seeing Electric Bills as High as $17K After the Winter Storm” HERE)

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