Texas electric bills spike to $9,000 per megawatt amid storm; one resident to pay over $17K

by Jeffrey Swindoll · Feb 20th, 2021 1:35 pm

Last Updated Feb 22nd, 2021 at 12:33 pm

A recent spike in Texas electric bills due to the historic winter storm and power outages has homeowners paying $9,000 per megawatt instead of the typical $50.

If a resident was on a variable or indexed plan, then their monthly bill was subject to a massive increase.

Resident Ty Williams is set to pay over $17,000 for his home, guest home, and office. Reliant Energy agreed to switch Williams to one of its fixed-rate plans on Friday.

"How in the world can anyone pay that? I mean you go from a couple hundred dollars a month...there's absolutely no way...it makes no sense," Williams said.

"We intend to fight this for, and alongside, our customers for equity and accountability – to reveal why such price increases were allowed to happen as millions of Texans went without power. More to come."

Homeowner Royce Pierce said his three-bedroom home's monthly electric bill will be $10,000.


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