Texas will not fix excess electricity during snowstorms

New York. The state of Texas will not correct the $ 16 billion in electricity it consumed excessively to consumers across the country during the recent snowstorm and frost because it is too difficult to recalculate prices, the Public Electricity Commission reported Friday.

“That egg is too mixed,” said Arthur D’Andrea, chairman of the state commission.

The response comes after an independent agency estimated that the state kept excessively high prices for 33 hours longer than they should during the Texas cold and snowstorm last month, causing $ 16 billion in consumer cost overruns.

In the midst of the snowstorm and in the face of supply problems and high demand during the storm, which left millions of homes without electricity, state Gov. Republican Greg Abbott ordered a rise in wholesale prices to reach a peak of $ 9,000 per megawatt hour, up from $ 22 for an ordinary day.

According to D’Andrea, correcting bill mismatches can now lead to unexpected and difficult-to-predict imbalances.

According to the independent group that analyzed the increases, the rise in energy prices should have stopped when selective power outages began to be imposed and not when the energy emergency ended almost two days later.

A large number of consumers reported electricity bills in excess of $ 15,000, while some companies that generate sustainable energy and are forced to buy electricity at market prices were forced to declare bankruptcy.