Business
Texans stuck with $US5,000 electric bills, officials say power companies ‘grossly mishandled’ the weather emergency – ABC News
Elected officials in Texas say the state should help pay some of the eye-watering electricity bills sent to residents after the devastating and deadly winter storm…
Elected officials in Texas say the state should help pay some of the eye-watering electricity bills sent to residents after a devastating and deadly winter storm that caused widespread blackouts.
Key points:
- Some Texans were sent bills of $US1,000 a day in the wake of the big freeze
- The state’s energy market is highly deregulated
- Senator Ted Cruz said on Twitter that “no power company should get a windfall because of a natural disaster”
Texas has a highly unusual deregulated energy market that allows…
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