Texas Woman Smacked With $202,102 Power Bill After 2 Days Without Power

  • Annie Shields’ sister looked at her CenterPoint Energy bill when it came in her email during the Texas power outage. They wanted $202,102 after two days without power or water. She isn’t the only one. Others are checking their bills or looking at their accounts to see astronomical prices and increases.
  • On Monday, as the polar vortex was just getting started, power supplier Griddy, told its 29,000 customers that they should change their provider because electricity prices were about to spike. They specifically said that bills could be as much as $9,000 per megawatt-hour, the Dallas Morning News reported.
  • “Griddy’s customers are fully exposed to the real-time swings in wholesale power markets, so those who don’t leave soon will face extraordinarily high electricity bills,” said the report. In an interview with the Daily Beast, Texas resident Royce Pierce revealed he had an “eye-watering $7,000 power bill accrued over just two days of deadly winter weather.” By Thursday, that bill from Griddy is now at $10,434.84. Last month, his bill was $387.70 and last year he paid $330.

See full story here.

Categories: Business, Infrastructure

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