Hopefully no one here is mining in Texas on a non-fixed electric contract.
With the freeze and blackouts hopefully no one is on Griddy or any other variable rate electric plan.
Griddy customers face $5,000 electric bills for 5 freezing days in Texas
https://www.dallasnews.com/business/2021/02/20/griddy-customers-face-5000-bills-for-5-freezing-days-in-texasSome Texans are facing yet another crisis: how to pay enormous electric bills.
The Texas power supplier Griddy, which sells unusual plans with prices tied to the spot price of power on the Texas grid, warned its customers over the weekend that their bills would rise significantly during the storm and that they should switch providers.
Some quickly looked into doing that but found the actual changeover of service wouldn’t happen for days.
Now customers say they never dreamed they’d be billed in the four figures for five days of service.
Karen Cosby said her cost is $5,000 for usage since Saturday at her 2,700-square-foot house in Rockwall.
DeAndre Upshaw of Dallas said the electric bill for his 900-square-foot, two-story townhouse was also $5,000
I am on New Power's 36 month fixed price plan at a total rate (all costs) of 9c per KWh. I also have my bill charged to a USbank Visa card that gives me back 5%. I pay the card in full so no interest or fees are ever paid. So that 9c turns into 8.55c per KWh.