Some Texans Receives Astronomical Electric Bill After Snow Storm This Week

[RAMROD 117,125]

Texas residents who endured days without power during last week's winter storms are facing a new obstacle: Electricity bills over $5,000 for just a few days of energy.

Some customers of state-owned electric grid are seeing the eye-popping, five-figure power bills because their plans are tied to the wholesale market rate. In the Dallas-Fort Worth area, residents have been hit with $1,000 per day charges for electricity, The Dallas Morning News reported. Residents have taken to social media to show $5,000 bills — or more — over a period of about five days.

Spiking bills won't hit state residents who had fixed-rate electric plans. The problem for many comes from index or variable rate plans, in which rates to power their home or business change with the price in the wholesale market.

CPS Energy, the electric utility in San Antonio, said some consumers can expect "exorbitant" bills in the coming weeks, KSAT reported. The utility might try to minimize the hit by spreading the charges over a period of up to 10 years, the news station said. 

Texas Governor Greg Abbott met with local lawmakers Saturday to address the latest crisis. "We are moving quickly to alleviate this problem and will continue to work collaboratively throughout this week on solutions to help Texas families and ensure they do not get stuck with skyrocketing energy bills," Abbott said in a statement.

 

 

Source:

https://www.businessinsider.com/why-texas-residents-hit-with-soaring-electric-bills-winter-storms-2021-2

 

 

$5,000?!!!? That is crazy, tf?!! That isn't right!! 

[LaLuna 12,732]

That's... messed up. I was a teenager during the ice storm of '98 in Quebec (which was very similar to what happened in Texas), so I wasn't the one paying the electric bills but unless I'm mistaken, energy bills didn't suddently skyrocket because of it. The damages to the electric grid certainly reached millions if not billions of dollars, but I don't think they billed people $5,000 for 5 days. That's disgusting.

[Economy 52,861]

1 hour ago, LaLuna said:

That's... messed up. I was a teenager during the ice storm of '98 in Quebec (which was very similar to what happened in Texas), so I wasn't the one paying the electric bills but unless I'm mistaken, energy bills didn't suddently skyrocket because of it. The damages to the electric grid certainly reached millions if not billions of dollars, but I don't think they billed people $5,000 for 5 days. That's disgusting.

Texas power grid from my understanding is very unregulated and heavily business oriented smh

[StarstruckIllusion 53,566]

$5k? Try $16k

 

[pachinko 10,755]

Waits for the GoFundMe pages to start appearing 

[REALITY 80,168]

That's so incredibly ****ed up

[Guest SetMeFree]

'MURICA! 

[Economy 52,861]

19 minutes ago, SetMeFree said:

'MURICA! 

Texas

[PartySick 172,545]

That's Republican run Texas for ya

Hopefully they wise up and kick Ted Cruz and the rest of the Repugnants out of office as soon as they can so a Democrat (or Independent ) can allow TX to join the rest of the US.

[SpadesToStart 3,809]

You could not pay me to live in a red state.  So effed up

[COOOK 76,406]

Astronomical?

 

[weed 78,966]

The government needs to step the fk up!!!! Wtf!!!! Companies are so evil and disgusting 

[LaLuna 12,732]

3 hours ago, Economy said:

Texas power grid from my understanding is very unregulated and heavily business oriented smh

Yeah, that would explain a lot. Greedy, shady ass companies. Imagine profitting from a natural disaster by making people pay absurd amounts of money for something that's not even their fault 

[Lion Heart 15,041]

 

[TaylorSwift 162,482]