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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.

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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…

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