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"It would take almost all of my savings if I were to pay that bill," a North Texas resident said, after receiving a bill worth nearly $14,000 for the month of February.
"It's mind-blowing. I honestly didn't believe the price at first," Royce Pierce, a 38-year-old contractor and Texas resident, said. "It's not a great feeling knowing that there is a looming bill that
Dire warnings of price hikes are coming from electricity retailers that normally offer customers low prices based on daily wholesale rates. They are telling customers to conserve or switch providers.
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Some retail power companies in Texas are making an unusual plea to their customers amid a deep freeze that has sent electricity prices skyrocketing: Please, ...
Some retail power companies in Texas are making an unusual plea to their customers amid a deep freeze that has sent electricity prices skyrocketing: Please, leave us. One power supplier, Griddy, told all 29,000 of its customers that they should switch to another provider as spot electricity prices soared to as high as US$9,000 a megawatt-hour. Griddy’s customers are fully exposed to the real-time swings in wholesale power markets, so those who don’t leave soon will face extraordinarily high electricity bills.