The cost of electricity in Texas is tightly tied to the price of natural gas, which has more than doubled since Russia invaded Ukraine in late February.
ERCOT overcharged power companies $16 billion for electricity during winter freeze, firm says sacurrent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sacurrent.com Daily Mail and Mail on Sunday newspapers.
Ercot Still Short $1.3 Billion in Energy Payments: Texas Update
Bloomberg 2/26/2021 Mark Chediak, David Wethe, Joe Carroll and Naureen S. Malik
(Bloomberg) A second day of marathon hearings on Texas’s unprecedented energy crisis raised concerns about the liquidity of the state’s power market, and who will ultimately pay for the disaster as some companies face bankruptcy.
Several utilities told Texas lawmakers Friday that they were still awaiting payment from the grid operator, known as Ercot, for power they provided during the grid emergency, with at least one worrying whether they would be paid at all. As the hearings continued into the evening, Ercot issued a notice saying they remain $1.3 billion short of what they need to pay generators, due to nonpayment from other market participants.
Power Retailers Want to Roll Back $9,000 Price Cap: Texas Update msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
HOUSTON, Texas (KTRK) Marcy McDaniel lives less than a mile from an east Harris County power plant, but that proximity didn t spare her from being left in the dark as the state s power grid failed to keep up with demand for electricity last week.
More than five million Texans faced forced outages last week. McDaniel said she struggled to stay warm as the temperature inside her house dropped to what felt like 30 degrees. If they can t keep the power on across the street from a power plant, what hope do the rest of us have?, 13 Investigates Ted Oberg asked her this week in the aftermath of widespread outages.