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$1.3B / 10M households in Texas = $130 per household. By having this arrangement, did Texans get power for $0.07/kWh instead of the $0.08/kWh in more “normal”
by jmpman 6y ago
$1.3B / 10M households in Texas = $130 per household.
By having this arrangement, did Texans get power for $0.07/kWh instead of the $0.08/kWh in more “normal” regulated environments?
If there was that much savings, then a $130 bill represents the savings from a year ($120/month power bill) or two ($60/month power bill) at the reduced rate. This, $130 would only need to be paid every ~10 years, leaving each Texan household almost $100 richer each year.
People seem upset about the situation, but I’m not seeing people break it down like this.
Seems like a win to me, but of course I didn’t freeze for a week.