Residents of Texas have started receiving thousands of dollars worth of electricity bills amid the extreme cold weather. We are talking about those who subscribe not to a flat rate, which is the majority of consumers, but to variable rates that depend on the market price of electricity
The reason for the big bills is that the wholesale cost of electricity has jumped from $50 to $9,000 because of increased demand.
“It is unacceptable that Texans who have been suffering from days of cold without electricity and heat are now faced with soaring electricity costs”, – the state governor said, adding that he is actively working to develop solutions to the problem.
Some electricity suppliers, on the other hand, are simply telling their customers to look for other companies if they are not happy with the prices