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Texas monitor says state power-grid operator overcharged $16 billion in electricity bills during power outages
1 month ago | By Business Insider
Summary List Placement Potomac Economics, an independent market monitor for Texas' Public Utility Commission said that the state's power-grid operator massively overcharged residents as the state was rocked by a deep freeze and power grid failures in late February.
The overcharges came in at a total of $16 billion, according to the filing. The report recommended that the Electric Reliability Council of Texas take measures to reverse the charges.
In its report, the monitor determined that as Texas was gripped by multiple snowstorms, prices were inflated for 33 hours longer than...
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