Business
Why some Texans are facing catastrophic electric bills after a winter storm – Vox.com
Wholesale power plans left Texans on the hook for thousands of dollars after prices spiked.
In Texas this week, freezing temperatures overwhelmed the states power grid, triggering rolling blackouts, multi-day power outages and, catastrophic electric bills.
According to the Dallas Morning News, some Texans have been hit with power bills totaling as much as $17,000 for only a few days of electricity, many times more than the usual cost of power in Texas.
Specifically, its Texas residents who rely on a wholesale power plan, rather than a fixed-rate plan, who have seen their bills climb after…
