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Texas grid operator made $16B price error during winter storm, watchdog says

• spacemanmatt 6y ago
  I wish America would annex Texas, already.
• every 6y ago
  I live in Texas and just got my electric bill for the month. It was about $75.00. Reasonable since we were without power for 100+ hours. We have a publically owned and financed utility with its own generation facilities. I feel sorry for those in our state who didn't read the fine print on their for-profit contracts and chose floating market rates. Essentially Enron redux...
  • bcrl 6y ago
    Someone should hold the regulator accountable for letting this happen. Oh wait, regulators are superfluous and need to be eliminated in favour of the free market.
• kotaKat 6y ago
  Meanwhile ERCOT will use Griddy as the scapegoat in all of this. I find it wildly concerning that ERCOT immediately forced Griddy off the market for failing to pay for its power bills incurred, but other operators are getting more preferential treatment.