Texas Deregulation: Some People Owe $10K+ Power Bills For Only a Few Days During Snow Storm

Some Texans are being charged thousands of dollars for just a few days of energy use because of deregulation in the state that allows residents to buy wholesale power, which fluctuates up and down with the energy market instead of a fixed rate (regulated).

Tyson Slocum, director of Public Citizen’s Energy Program, explained the dire situation to Democracy Now:

We are seeing in these deregulated environments unscrupulous companies preying on their assumption that households will not understand or read the fine print.

Akilah Scott-Amos said her electricity bill jumped over $11,000 during the storm:

I have no problems with paying my fair share. But this is not fair.

(Source: Democracy Now)

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