Texas-Sized Outrage

Read more on this subject: United States
Feature Article by Stephen Lendman
Texas-Sized Outrage

by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)

Following days without power that affected millions of Texans during frigid conditions, unaffected households were charged around 300 times more than market rates in monthly electricity bills now showing up. 

Megawatt hour prices rose from $50 to over $9,000. What few households in the state can afford, no one should pay.

Normal billing to one household of under $400 monthly exceeded $8,000 in the latest statement received.

Another household normally billed around $600 monthly was charged about $17,000.

OilPrice.com reported that extreme winter weather in Texas "sent…spot electricity prices soaring, as the wind turbines froze in the ice storms and reduced the wind power generating capacity in the Lone Star State by half."

Overtaking coal-fired generation last year for the first time, wind power now accounts for 25% of electricity ge
Read More or Make a Comment

Bookmark the permalink.

Comments are closed.