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US: Texas homes slapped with thousand-dollar bills after winter woes

Feb 21, 2021 13:01 IST

After witnessing a catastrophic Arctic storms, collapsed power grids, hunger and cold, several people in Texas were slammed with massive electricity bills.
It went from about $50 per Megawatt to $9,000 for many customers.
Those on a variable or indexed plan witnessed massive electricity bills.
Texas Governor Greg Abbott convened an emergency meeting for Saturday to address the latest spike in electrcity bill. He said he’s working with members of the legislature to develop solutions to ensure people in Texas are not 'the hook for unreasonable spikes in their energy bills.'