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Drudge Retort: The Other Side of the News
Monday, February 22, 2021

After unusual icy weather left millions of Texans without power, some are facing another crisis: Sky-high electricity bills. The surge in pricing is hitting people who have chosen to pay wholesale prices for their power, which is typically cheaper than paying fixed rates during good weather, but can spike when there's high demand for electricity. Many of those who have reported receiving large bills are customers of electricity provider Griddy, which only operates in Texas.

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... The surge in pricing is hitting people who have chosen to pay wholesale prices for their power, which is typically cheaper than paying fixed rates during good weather, but can spike when there's high demand for electricity. ...

It seems the high electric bills are a direct result of a decision that the people made, and are now experiencing the consequences of their decision.


#1 | Posted by LampLighter at 2021-02-22 09:45 AM | Reply

"Texas Governor Greg Abbott said Sunday that he is working with members of the legislature to address skyrocketing energy bills and "find ways that the state can help reduce this burden.""

How socialist of them.

#2 | Posted by Nixon at 2021-02-22 12:17 PM | Reply

The only decision these folks made was to lower their bill. I doubt they knew the providers were typical Republicant crooks.

#3 | Posted by LegallyYourDead at 2021-02-22 12:31 PM | Reply

Texans Will Pay for Decades as Crisis Tacks Billions Onto Bills
www.bloomberg.com

...Now that the lights are back on in Texas, the state has to figure out who's going to pay for the energy crisis that plunged millions into darkness last week. It will likely be ordinary Texans.

The price tag so far: $50.6 billion, the cost of electricity sold from early Monday, when the blackouts began, to Friday morning, according to BloombergNEF estimates. That compares with $4.2 billion for the prior week.

Some of those costs have already fallen onto consumers as electricity customers exposed to wholesale prices wracked up power bills as high as $8,000 last week. Other customers won't know what they're in for until they receive their gas and power bills at the end of the month.

Ultimately, the financial pain will probably be shared by ratepayers and taxpayers alike, said Michael Webber, a professor at the University of Texas at Austin and chief science officer for French power company Engie SA.

If prior U.S. power market failures are any guide, Texans could be on the hook for decades. Californians, for example, have spent about 20 years paying for the 2000-2001 Enron-era power crisis, via surcharges on utility bills....


#4 | Posted by LampLighter at 2021-02-22 08:28 PM | Reply

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