>Residents with variable-rate power plans are being hit the hardest. Such plans charge different prices for electricity depending on how much demand there is. T

>Residents with variable-rate power plans are being hit the hardest. Such plans charge different prices for electricity depending on how much demand there is. The more demand, the higher the price. This is a thing for some power companies in Texas, but during peak times or in a crisis like TX experienced in winter of 2021, the prices skyrocketed because demand was out of control trying to keep warm. People ended up with a $5k electric bill trying to keep a modest single family home "warm" (in the article they mentioned they kept lights off and thermostat set at 60F/15C, not very warm). https://www.npr.org/sections/live-updates-winter-storms-2021/2021/02/21/969912613/after-days-of-mass-outages-some-texas-residents-now-face-huge-electric-bills https://www.npr.org/sections/live-updates-winter-storms-2021...