The energy market in the state is unregulated, and in the cold of minus 25 degrees, it has hit back.
Due to the extreme cold that has hit Texas, the U.S. Utility Administration is temporarily banning energy providers from sending energy bills to households or turning off their energy supplies due to a fee debt, Sunday announced. Greg Abbott Governor.
Many residential energy consumers have already received thousands of dollars in electricity bills for a period of just a few days since the onset of the cold wave. The temperature on the coldest days was minus 25 degrees Celsius, which is extraordinary in this southern state.
Texas is the only U.S. state whose energy grid is independent of the rest of the country and its energy market is unregulated. Consumers can choose from many service providers, and many have a contract with a service provider that their bill amounts depend not only on consumption but also on consumer demand. Several have warned that in such a system, consumers are vulnerable to large bills in extreme weather.
Joe Biden U.S. President declared a disaster situation for Texas on Saturday after extreme power outages and water shortages hit millions of residents. As a result, residents can claim federal support for a variety of their expenses, including energy bills. And Governor Abbott convened the state legislature as a matter of urgency that day to discuss with them what solution could be found for the huge bills of electricity.
At the peak of the power outage, there were four million residents without electricity. Since Saturday, all power plants have been operating again, but on Sunday, 30,000 people still did not have electricity in their homes. The verdict of snow and frost hit Oklahoma, Louisiana and other nearby states in addition to Texas. The harsh weather now has 76 deaths, writes MTI.
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