As Texas begins to recover from the historic winter storm which battered the state — bringing freezing temperatures, power outages and water shortages — a new crisis has emerged: astronomical electricity bills.
Residents in the Lone Star State on variable rate electricity plans are reporting bills as high as $17,000 for less than one month of service, after surging demand and dwindling supply caused prices to skyrocket more than 10,000 percent during the deep freeze.
“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,” Ty Williams, who racked up more than $17,000 in charges, told Dallas local news station WFAA.
Williams, who’s on a variable rate plan with electric supplier Griddy, told the outlet the total cost last month for his home, guest house and office was just $660.
The high charges all come down to Texas’ independent, deregulated