Texas (WBAP/KLIF) – There were dire warnings coming from some Texas electricity retailers who offer low prices based on daily wholesale rates. Those companies urged customers to switch providers or face sky-rocketing electric bills.
At issue, high demand spiked wholesale power prices to over $9,000 per megawatt hour on Monday, compared with less than $50 per megawatt hour before the storm.
Electric provider Griddy urged all of its 29-thousand customers to leave them. CEO Michael Fallquist told Bloomberg News. “We believe that transparency and that honesty will bring them back” after the emergency passes.”
Griddy provided on online tool to make it easy to switch.
We are adding reps that can switch sooner to this blog: https://t.co/VlKPXmqqmJ
— Griddy (@GoGriddy) February 14, 2021
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Meantime, Texas utilities were directed by ERCOT on Wednesday to begin restoring power previously dropped from the electric grid.
A tweet from @Oncor this morning says that as a result of the increased generation and stable demand, it has since been able to cease controlled, or rotating, outages.
Oncor crews will continue working 24/7 to restore power to remaining customers.
EMERGENCY UPDATE: Yesterday, @ERCOT_ISO directed Oncor and other utilities to begin restoring power previously dropped from the electric grid. As a result of the increased generation and stable demand, Oncor has since been able to cease controlled, or rotating, outages.
— Oncor (@oncor) February 18, 2021
(Copyright 2021 WBAP/KLIF 24/7 News. This report contains material from the Bloomberg News via the Dallas Morning News.)
