wfaa | 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. See explanation of plan types here.
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.”
That tweet was accompanied by a screenshot of their bill, which now stands at $3,801.16.
When your electric company tells you to switch but there has been a hold on switching for over a week now. 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 year @FoxNews @wfaa @tedcruz @GovAbbott pic.twitter.com/AylTS4m0j4
— kat and tony (@katandtonyT) February 18, 2021
Then, I spoke with a guy named Ty Williams. He sent screenshots of his three electric meters (one for his home, one for a guest house, and one for his office). Last month, his bill for all three was $660. So far, for this month’s electricity, he owes more than $17,000.
Williams wondered: “How in the world can anyone pay that? I mean you go from a couple hundred dollars a month...there’s absolutely no way...it makes no sense.”
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