Winter is Coming: Texans pay the bill for deregulated energy market
Updated: 2 days ago
On Saturday, February 20, just over 50,000 homes were still without electricity. They were, according to a final count, 4.5 million last Tuesday. But for some the hellish week they have been through is not yet over: Bills are coming. In Texas, the electricity market is completely deregulated. Some customers, who had chosen market price invoices, now find themselves with exploding demand for a much-reduced supply. The bill is in the thousands of dollars. A Dallas resident must pay up to $ 17,000 for these few days of electricity.
In Houston, Dallas, Austin, and San Antonio, water and food distributions were organized by municipalities and elected officials at Congress.A food bank in Houston for example received assistance from Rep. Alexandria Ocasio Cortez, New York elected House of Representatives member with more than 3.3 million raised from her supporters to help the poorest hit by the icy storm in Texas.