Texas ’19 million won electricity bill bomb’ hits cold wave

“I usually paid 700,000 won for the house-office”… Residents struggle with rising electricity bills
Texas Electric Power Company’Flexible Rate’… If supply decreases, the standard price rises significantly
There is a controversy over the’electricity charge bomb’ in Texas, the US, which has been hit by the worst cold wave ever.

The US economic media Fox Business reported on a case of electricity bills accepted by residents on the 20th, saying that this snow storm led to a surge in electricity rates. “I was charged $17,000 this month (about 19 million won) this month,” said Ty Williams, who lives in Arlington, Texas. “Who in the world can pay these charges?” He said that before the cold wave hit, he paid an average of 660 dollars (about 730,000 won) per month for his home, guesthouse, and office. A resident living in a three-bedroom house near Dallas complained that he was charged $10,000 (about 11 million won) for electricity.

This is due to the Texas electricity tariff system. According to Fox Business, residents who were hit by the electricity bill this time have subscribed to Greedy’s’floating rate plan’. The variable rate plan receives electricity at a low price when electricity is supplied smoothly, but when it is difficult to supply electricity due to a cold wave or heavy snow, the price surges. Texas electricity bills originally averaged less than $50 (about 55,000 won) per megawatt hour (MWh), but have soared to $9,000 (about 9.95 million won) due to a recent cold wave. On this day, US President Joe Biden approved the declaration of a major disaster zone in Texas, which is experiencing massive blackouts and water shortages due to an abnormal cold. Reporter Eun-taek Lee [email protected]