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Fixed-rate customers pay a specific rate for their power that’s agreed upon with the company. But wholesale customers pay at the rate of whatever the price per kilowatt-hour of electricity is when using the system. The attraction to a wholesale plan is it offers customers the opportunity to save money during fair-weather months when the residents are unlikely to be turning on their heating or cooling systems. But during a winter storm that plummets the state to frigid temperatures, like what was seen last week, prices per kilowatt-hour can reach astronomical heights. Energy company Griddy was one key player that has offered a wholesale system to customers. But now residents who took the risk by using a wholesale electricity plan were now left with bills in the thousands. ....
Griddy: Why a Texas electricity company is under fire for astronomical bills during winter storm 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.
I would love to see about 8 new nuclear power plants constructed here in the U.S. in the next decade. Remember how awesome the Zion plant was? Ask anyone in Waukegan. the texas problem is emblematic of a broader issue we suffer elected officials convincing voters that they can have everything, yet pay very little in taxes. they combine this message with the constant drumbeat that government is corrupt and incompetent, and only the private sector can solve all of our problems. all of this is playing out in texas right now, as people freeze in dark homes, and the leaders blame solar and wind, rather than acknowledge their own failures to incentivize investments in the energy infrastructure. the reality is that things cost money, and our leaders need to be honest about that. another reality is that, as president Obama said, energy policy has to be an all in approach, at least in the short term. its good to work toward all clean and renewable energy, but we cannot get there ....
Ted Cruz says he regrets decision to travel to Cancun after historic Texas storm Ted Cruz has admitted he regrets his decision to fly to Cancun for a $309-a-night break during the storm It was obviously a mistake and in hindsight I wouldn t have done it, he said, speaking at his home Thursday Cruz landed back in Houston on Thursday night and was given a police escort as he left the airport He blamed his two daughters for the trip, saying they wanted to go and he was being a dad On Wednesday night, Ted Cruz was pictured at Houston airport with his wife Heidi and their children ....
Texas blackouts can be seen from SPACE as state braces for another round of snow dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.