Business
How will my electric bill be impacted by Texas’ winter storm? – KXAN.com
As the lights come back on, and the snow continues to melt, many people are asking, “What impact will this storm have on my electric bill?”
AUSTIN (KXAN) As the lights come back on, and the snow continues to melt, many people are asking, “What impact will this storm have on my electric bill?”
Short answer: it depends on your provider, your plan and how much energy you used.
Wholesale vs. retail market
Earlier this week, the spot price of wholesale electricity on the Texas power grid spiked more than 10,000%, according to data on the grid operator ERCOT’s website. Those prices were more than $9,000 per megawatt hour, compared with pre-storm…
