Homeowners hit with electric bills as high as $17K amid Texas winter storm
New York Post
February 19, 2021
Texans say energy companies are on a power trip.
Electric bills in the Lone Star State skyrocketed to as high as $17,000 per month after a historic storm and power outage sparked a high demand for heat, according to reports Friday.
Dallas-area resident Ty Williams was hit with sticker shock when his monthly bill soared from $600 last month to nearly $17,000 so far this month, according to the local station WFAA.
“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,” Williams, who said he received the bill from the energy firm Griddy.
The price of power in Texas spiked from $50 to $9,000 per Megawatt in some cases due to the supply and demand disaster, according to the station.
Customers with so-called “variable or indexed” electricity plans in Texas — the only state to run its own unique stand-alone electricity grid — are partially controlled by market demand.
That caused prices to increase as Texans who didn’t lose power cranked up the heat amid brutally cold temperatures this week, an expert told NBC.
“The last thing an awful lot of people need right now is a higher electric bill — and that’s unfortunately something a lot of people will get stuck with,” said Matt Schulz, a chief industry analyst.
Royce Pierce, who lives in the Dallas suburb of Willow Park, said the electricity bill for his three-bedroom home soared to $10,000 over the past few days.
“We are hoping there will be relief,” Royce said. “This is something maybe we can skate by and tackle as time goes on but how many people can’t? A lot.”
Veronica Garcia, a Reliant Energy customer in Mansfield, Texas, said the electricity bill for her one-bedroom apartment nearly doubled to $114.
“Hopefully if they’re decent, they won’t charge people for this, because we had no control over the situation,” said Garcia, who is an administrative associate at UT Southwestern Medical Center. “Hopefully I can beat the charges and they do the right thing.”
A Reliant Energy spokeswoman told NBC that it’s offering flexible bill payment options to support customers impacted by the storm.
Griddy did not immediately respond to a request for comment.
2 comments:
Get a nice large warm dog.
People with variable kilowatt rate plans offered by discount companies knew it could happen. Anything that says variable rates or interest should be avoided. On the flip side, most of these so called discount energy companies in Texas will be forced out of business as soon as the energy they bought bill comes due.
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