“Wholesale prices are typically as low as a couple of cents per kilowatt-hour but spiked to $9 per kilowatt-hour after the storm.” Texans are enjoying some warmer weather, but for many of them, it’s coming with frozen bank accounts. Variable pricing on energy was a great money saver, as long as nothing went wrong. Why some Texans are getting sky-high energy bills.

+ “Even well-intentioned PUC staff are outgunned by armies of power company lawyers and their experts. The sad truth is that if power companies object to something, in this case simply providing information about the durability of certain equipment, they are extremely likely to get what they want.” ProPublica and The Texas Tribune: How Texas Repeatedly Failed to Protect Its Power Grid Against Extreme Weather.