Higher Electric Bills Expected

As early as January, Texans will have to start paying for the losses energy companies suffered from the 2021 freeze. And the fees charged have nothing to do with the customer’s current usage. Since the deadly 2021 storm, Texas energy officials and lawmakers have been working to fix the state’s power grid. Unfortunately, the rising cost of natural gas is another reason Texans will be paying higher energy bills this winter. You will be bailing out the companies that lost billions during the freeze,” according to Ed Hirs, an energy fellow at the University of Houston.