Why some Texans are getting sky-high energy bills

Texas
DeAndré Upshaw shows a $5,000 bill from Griddy on his cell phone for his 900-square-foot apartment during very cold weather in Dallas, on Friday, Feb. 19, 2021. 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. (Lola Gomez//The Dallas Morning News via AP)

By JOSEPH PISANI and JONATHAN MATTISE, the Associated Press

After unusual icy weather left millions of Texans without power, some are facing another crisis: Sky-high electricity bills. The surge in pricing is hitting people who have chosen to pay wholesale prices for their power, which is typically cheaper than paying fixed rates during good weather, but can spike when there’s high demand for electricity. Many of those who have reported receiving large bills are customers of electricity provider Griddy, which only operates in Texas. The state’s governor said he’s looking into ways to reduce the financial burden but didn’t provide specifics.