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Texas utility regulator to investigate indexed retail electric providers following massive electric bills – Corridor News


After hearing reports of some Texans receiving massive electrical bills, the state’s utility regulator said it’s investigating companies that offer their customers rates that fluctuate based on the spot price of wholesale electricity.
The Public Utility Commission of Texas on Wednesday announced the probe into what is known as indexed retail electric providers. While these plans are allowed under state law, PUC Executive Director Thomas Gleeson said in a statement that “an influx of complaints into our Customer Protection Division has caused concerns that questionable business practices might be exacerbating the situation.”
Customers reported receiving astronomically high electric bills  some costing tens of thousands of dollars due to a spike in wholesale prices during last week’s winter storm. ....

Chambers County , United States , Shawn Mulcahy , Thomas Gleeson , Public Utility Commission Of Texas On , Texas Legislature , Reliability Council Of Texas , Customer Protection Division , Public Utility Commission , Director Thomas Gleeson , Electric Reliability Council , அறைகள் கவுண்டி , ஒன்றுபட்டது மாநிலங்களில் , ஷான் முல்கேஹீ , தாமஸ் க்ளீசன் , பொது பயன்பாடு தரகு ஆஃப் டெக்சாஸ் ஆன் , டெக்சாஸ் சட்டமன்றம் , நம்பகத்தன்மை சபை ஆஃப் டெக்சாஸ் , வாடிக்கையாளர் ப்ரொடெக்ஶந் பிரிவு , பொது பயன்பாடு தரகு , இயக்குனர் தாமஸ் க்ளீசன் , மின்சார நம்பகத்தன்மை சபை ,

PUC investigation: State regulator to probe some providers following massive electric bills during storm


After hearing reports of some Texans receiving massive electrical bills, the state’s utility regulator said it’s investigating companies that offer their customers rates that fluctuate based on the spot price of wholesale electricity.
The Public Utility Commission of Texas on Wednesday announced the probe into what are known as indexed retail electric providers. While these plans are allowed under state law, PUC Executive Director Thomas Gleeson said in a statement that “an influx of complaints into our Customer Protection Division has caused concerns that questionable business practices might be exacerbating the situation.”
Customers reported receiving astronomically high electric bills — some costing tens of thousands of dollars — due to a spike in wholesale prices during last week’s winter storm. ....

Chambers County , United States , Thomas Gleeson , Public Utility Commission Of Texas On , Texas Legislature , Reliability Council Of Texas , Customer Protection Division , Public Utility Commission , Director Thomas Gleeson , Electric Reliability Council , அறைகள் கவுண்டி , ஒன்றுபட்டது மாநிலங்களில் , தாமஸ் க்ளீசன் , பொது பயன்பாடு தரகு ஆஃப் டெக்சாஸ் ஆன் , டெக்சாஸ் சட்டமன்றம் , நம்பகத்தன்மை சபை ஆஃப் டெக்சாஸ் , வாடிக்கையாளர் ப்ரொடெக்ஶந் பிரிவு , பொது பயன்பாடு தரகு , இயக்குனர் தாமஸ் க்ளீசன் , மின்சார நம்பகத்தன்மை சபை ,