Texas
Some Texans have received devastating electric bills after a winter storm inflated the price of electricity. Here, snow covers the ground of a neighborhood school in Waco, Texas as severe winter weather conditions over the last few days has forced road closures and power outages over the state on February 17, 2021.MATTHEW BUSCH/GETTY

Across Texas, some residents are facing devastating electric charges worth thousands of dollars, after a week of power outages and severe winter weather inflated the price of electricity.

Among Texans who use wholesale electric providers, which fluctuates based on real-time market changes and can skyrocket during times of scarcity, some customers are seeing bills as high as $14,000.

Scott Willoughby, a resident of Royce City, Texas, told NBC 5 that he owes the power company Griddy $13,926.89 for the month February.

“It would take almost all of my savings if I were to pay that bill,” Willoughby told the news outlet.

He said he signed up for Griddy, a wholesale provider, after moving into a new home in November. Griddy members pay a $9.99 monthly fee and then pay the direct cost of the electricity on Texas’s power grid based on the time of day […]

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