Outages Morph Into Outrage As Texans Slapped With “Mind-Blowing” Power Bills

Zero Hedge:

The rolling blackouts that plunged up to 15 million Texans into darkness amid a historic cold snap are diminishing by the end of the week. About 188k customers were without power in the state on Friday morning. Days after power prices jumped from $50 per Megawatt to more than $9,000, the horror stories pour in for those who had power this week during grid chaos as they are mind-boggled how their energy bills skyrocketed. 

None of these horrifying power bill stories below should be a shock as we described to readers in the piece titled “Power Bills To The Moon: Chaos, Shock As Electricity Prices Across US Explode,” that this would happen. 

Texans who were on a variable or indexed plans with power companies are only now reporting their bills have jumped hundreds of dollars, if not thousands of dollars for the month. 

Royce Pierce told Newsweek he owes electric company, Griddy, $8,162.73 for his electricity usage this month. He said that’s a massive increase from his usual $387 bill. 

“It’s mind-blowing. I honestly didn’t believe the price at first,” Pierce said.

“It’s not a great feeling knowing that there is a looming bill that we just can’t afford.”

Other horror stories of soaring power bills flood local television stations across the Lone Star State. When food and housing insecurities are incredibly high due to pandemic job loss, many folks in Texas who were on variable power plans could be financially devastated. 

Ty Williams told WFAA that his average electric bill is around $660 per month. He said it now stands at $17,000.

Williams wondered: “How in the world can anyone pay that? I mean you go from a couple of hundred dollars a month… there’s absolutely no way…it makes no sense.” 

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