Houstonian Sandra Edwards, whose home was so damaged by Harvey that she was displaced for two years, had only one livable room when the winter storm hit in February 2021.Sandra Edwards was still dealing with damage from Hurricane Harvey, three years earlier, when the winter storm hit in February 2021.
And those bills are from the spring — not summer, when she runs her air conditioner. She’s not alone. Texas power customers are paying more for their electricity. So where does the money go and why would it cost more if it feels less reliable?You might think the energy grid runs on natural gas or wind power, coal or maybe uranium. But really, it runs on money.— the drive to make a buck — would dictate in large part what gets built on the grid and what doesn’t.
ERCOT is a marketplace, an air traffic controller and a nonprofit quasi-governmental entity all in one. It sets the price for the REP to contract with the power generator to buy the actual electricity. ERCOT takes a fee for this transaction, say another $10. The next stop for Edwards' money is at the power generators: the solar and wind farms or natural gas plants that make the electricity. These folks get a big chunk of the bill, say $40.
Just to complicate things a little bit more, maybe some of the money goes into a pension fund. A few cents of Edwards' bill might actually make it back to her if she has a pension or 401K or something like that.Investors are putting the squeeze on the companies that they've invested in to give them better returns. The natural gas market is way up right now because of the war in Ukraine and other places.
TPRNews We are being Enroned courtesy of GregAbbott_TX.
Ask Abbott. Who has been paid really well to let the grid rot.
Easy answer: GregAbbott_TX and the AbbottTax BetoforGovernor2022