The combination of insufficient capacity and the temperature-induced crippling of power stations led to a complete collapse of the power grid. As power plants and natural gas pipelines froze, the market price of electrical power in Texas soared from a seasonal average of $50 to $9,000 per Megawatt.
Texans on variable rate electricity plans have seen electricity bills for tens of thousands of dollars. According to KHOU 11, Dallas resident Ty Williams owes more than $17,000 for his house, guest home and office.
HOU 11 also cited a customer who had a bill of over $1,000 for her 700-square foot apartment. Another couple tweeted a picture of a bill for over $3,800, noting, “Using as little as possible 1,300 sq. ft. house and this is my bill. How is this fair. I only paid $1200 for the whole 2020.”
.Roy Pierce, who lives in the Dallas suburb of Willow Park, told NBC that his electricity bill was $10,000 for his three-bedroom home.
The Texas government, infamous for its deregulation policies and privatization of public services, has not indicated if it will intervene on behalf of customers. According to legal experts, state law prohibits companies from exploiting natural disasters for profit. However, it is unclear if such legal protections can be extended to customers with hefty electricity bills.
https://www.wsws.org/en/articles/2021/02/20/trhe-f20.html
