Texas Lt. Gov. says that people getting huge energy bills 'gambled on a very, very low rate' - but suggests they won't have to pay the full amount

Texas Lt. Gov. Dan Patrick addressed the power outages in the state during the winter storms in a Fox News interview on February 24. Fox News Texas Lt. Gov, Dan Patrick said that Texans getting huge energy bills took a gamble and lost. In Texas, some energy deals are linked to wholesale prices, exposing consumer to sudden spikes.  After last week's devastating storm, some Texans faced energy bills as high as $16,000. Visit the Business section of Insider for more stories. Texas Lieutenant ...
Tags: Politics, Texas, Trends, News UK, Army, Fox News, Patrick, Sen Ted Cruz, Dan Patrick, Tom Porter, Reuters Texas, Texas Power Outages, Electricity Market, Texas storms, Fox News Texas Lt

The Free Market Approach to Energy Has Costs Texans $28 Billion Since 2004

Texas has a utility market unlike any other in the U.S., and in the wake of last week’s grid failure there that left millions of people in the dark, it’s come under scrutiny. Ninety percent of Texas’ electricity is generated on its own grid, and that grid is very lightly regulated. Read more...
Tags: Energy, Texas, Science, Environment, Articles, Electric Reliability Council of Texas, Business Finance, Electric Power, Electrical Grid, Electric Power Distribution, Energy In Texas, Electricity Market, Deregulation Of The Texas Electricity Market, Electric Power Industry

Texans Could Be Paying Off Their Obscene Energy Bills for Decades

The costs of the Texas blackouts is still mounting, but it’s becoming increasingly clear that Texans could be saddled with energy bills they’ll be paying for decades absent government intervention.Read more...
Tags: Energy, Texas, Science, Articles, Net Metering, Electric Reliability Council of Texas, Business Finance, Electric Power, Electrical Grid, Electric Power Distribution, Energy In Texas, Electricity Market, Deregulation Of The Texas Electricity Market

Texas Officials Temporarily Halt Private Energy Companies From Sending Customers Absurd Bills

Folks across Texas are receiving outrageous energy bills in the wake of widespread utility shutoffs during last week’s cold snap. Thankfully, state officials issued some stopgap measures on Sunday to protect them from those ridiculous financial burdens.Read more...
Tags: Texas, Science, Articles, Public Utility Commission Of Texas, Griddy, Energy In Texas, Electricity Market