The rate Texas residents pay for energy has skyrocketed in recent days, as hotter-than-usual temperatures cause demand for electricity to soaring across the state.
Texans were paying about $275 per megawatt-hour for power on Saturday then the cost rose more than 800% to a whopping $2,500 per megawatt-hour on Sunday, Bloomberg , citing data from the Electric Reliability Council of Texas . Prices so far on Monday have topped off at $915 per megawatt-hour.
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