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Some Texans are seeing electric bills as high as $17K after the winter storm

Mary Wilson

Well-known member
Author: Jason Wheeler
Published: 9:36 PM CST February 18, 2021
Updated: 10:33 PM CST February 18, 2021

DALLAS — The Texas power outage has become the Texas power outrage. Electricity supply and demand in Texas has really stabilized now. But when it was grossly out of whack over the past several days, the cost of power in the wholesale market went crazy. It went from about $50 per Megawatt to $9,000. That didn’t affect retail many customers because they were on a fixed-rate plan.

But if you were on a variable or indexed plan, your rate — and therefore, your electric bill — may have skyrocketed.

... “Mine is over $1,000…not sure how…700 square foot apt I have been keeping at 60 degrees."

... He sent screenshots of his three electric meters (one for his home, one for a guest house, and one for his office). Last month, his bill for all three was $660. So far, for this month’s electricity, he owes more than $17,000.

... That tweet was accompanied by a screenshot of their bill, which now stands at $3,801.16.

When your electric company tells you to switch but there has been a hold on switching for over a week now. Using as little as possible 1300 sq ft house and this is my bill. . How is this fair. I only paid $1200 for the whole 2020 year @FoxNews @wfaa @tedcruz @GovAbbott

11:52 AM ? Feb 18, 2021

https://www.khou.com/article/money/...torm/287-14a54a65-39cb-4d1c-931c-0d003002f529
 
State to investigate spike in natural gas prices due to weather crisis in southern U.S.

FEB 21, 2021
DECLAN DESMOND

The energy crisis gripping Texas is not without consequences for the rest of the country, including Minnesota — where heating prices are also on the rise.

The increase is enough that the Minnesota Public Utilities Commission (PUC) has called a special meeting on Tuesday to investigate the matter.

According to a release from the Minnesota Department of Commerce, natural gas prices in the state have "dramatically spiked over the past week due to national demand issues," ...

https://bringmethenews.com/minnesot...ral-gas-prices-due-to-southern-weather-crisis
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MINNEAPOLIS (AP) — Minnesota’s largest gas utilities are warning about sky-high heating bills because of the historic cold wave in the South and the state’s stretch of subzero weather.

At a special meeting by the Minnesota Public Utilities Commission Tuesday, members were told February heating bills could be $400 more.

https://kbjr6.com/2021/02/24/februa...tm_medium=social&utm_source=twitter_KBJR6news
 
Nationwide Deep Freeze Leads to Spike in Natural Gas Prices

Wednesday, February 24, 2021

In the wake of the deep freeze that recently swept the nation, natural gas have taken the forefront among a slew of price gouging allegations. Last week’s winter storms caused natural gas spot market prices to spike, with some reporting up to a 100% percent increase.

... As with many products, whether natural gas is covered under state price gouging laws varies state-by-state.

... Natural gas companies and others should also be aware that beyond state attorneys general investigating the price spikes, the Federal Energy Regulatory Commission has also announced that it “is examining wholesale natural gas and electricity market activity during last week’s extreme cold weather to determine if any market participants engaged in market manipulation or other violations.”

https://www.natlawreview.com/article/nationwide-deep-freeze-leads-to-spike-natural-gas-prices
 
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