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Texas residents socked with outrageous post-storm electric bills. Could that happen in NJ?
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The storm that crippled Texas power grid has passed, but left in its wake are groups of stunned residents clutching massive electrical bills as reminders of how much it costs to keep the lights on during a disaster.
But fear not, New Jerseyans.
Officials say the wild price swings that left some Texans owing tens of thousands of dollars are unlikely to happen here, where heavy state oversight and consumer protections combine to keep energy prices more stable. We really have a much better system, said Stefanie Brand, director of the state s Division of Rate Counsel, an independent agency that represents New Jersey consumers. Theoretically I guess it could happen, but we have a number of protections in place to try to make sure it doesn t.
NorthJersey.com
The storm that crippled Texas power grid has passed, but left in its wake are groups of stunned residents clutching massive electrical bills as reminders of how much it costs to keep the lights on during a disaster.
But fear not, New Jerseyans.
Officials say the wild price swings that left some Texans owing tens of thousands of dollars are unlikely to happen here, where heavy state oversight and consumer protections combine to keep energy prices more stable. We really have a much better system, said Stefanie Brand, director of the state s Division of Rate Counsel, an independent agency that represents New Jersey consumers. Theoretically I guess it could happen, but we have a number of protections in place to try to make sure it doesn t.