Texas power firms scream foul over millions in blackout fees Commodities giant Freeport, eight others appeal for reprieve Consolidation may put over 80% of retail market with two giants
By Gary McWilliams
HOUSTON, Feb 26 (Reuters) - Retail power marketers in Texas are appealing multi-million dollar bills from last week s blackout that they say could cripple them and unravel Texas nearly two-decade-old experiment as the most deregulated U.S. electricity market.
Wholesale prices, which last year averaged $26 a megawatt hour, soared to $9,000 per MWh for days as grid operators tried to quench a severe shortage that left up to 4.3 million residents shivering in the dark last week. The state s total bill for electricity over seven days rose by $45 billion from the prior week, lawmakers said on Thursday.
Texas lawmakers look to lay blame for deadly blackout, investigation on
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Texas power crisis could cripple small marketers, unravel market deregulation
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Power Retailers Want to Roll Back $9,000 Price Cap: Texas Update
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Texas power crisis could cripple small marketers, unravel market deregulation
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