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Tuesday, February 23, 2021

Variable rate electricity customers in disbelief at massive power bills after winter storm


Variable rate electricity customers in disbelief at massive power bills after winter storm


Article Excerpt: "... The demand outpaced the supply. PUC set a cap at $9,000 per megawatt-hour, versus the average $36 per megawatt-hour. Energy producers think in megawatts. Consumers think in kilowatts. So, for consumers, this meant going from $3.6 cents per kWh to $9 per kWh. “When supply drops and demand increases, price increases ..."


Reference: www.12newsnow.com