Texas power consumers to pay the price of winter storm
Scott DiSavino, Stephanie Kelly, 18 February 2021
(Reuters) – Texas residents suffering a winter storm that has left millions without power are set to face a future challenge in higher utility bills, after the days-long cold snap put an unprecedented strain on the state’s power network.
Some 2.7 million households in Texas, the largest electricity consuming state in the United States, were without heat on Wednesday as freezing temperatures in a normally temperate part of the country overwhelmed demand, causing blackouts and widespread anger.
Wholesale power prices soared more than 300-fold, stirring memories of the price spikes that accompanied California’s energy crisis of 2000-2001, when Enron and others artificially increased prices. Continue reading “Article: Texas power consumers to pay the price of winter storm”
