Texas Storm to affect electricity prices?

[betajuice]

Anyone in Texas have an idea if the fallout from the winter storm is going to raise rates for industrial consumers here?
Any talk or news about such a thing?
thanks

[NotFuzzyWarm]

Surprisingly, no talk about it considering that news about many many people are getting very shocking electric bills due the storm thanks to their providers buying power on the spot-market.

Somewhere I saw that the spot price in some regions went from below $0.90/MWh to over $9k/MWh (edit: correction after a quick check - from "a few cents/kWh to over $9/kWh") and that is of course being passed on to the customers...

[The Sceptical Chymist]

Jesus, that sounds as though Enron were back in business and manipulating electricity prices for their own gain.

The storm in Texas is most likely going to be a black swan event, something that isn't likely to happen again for a long time and I doubt that any effect on electricity prices and/or mining profitability it had will be long-lasting.  As far as I know their weather is pretty predictable and the snowstorm was a fluke (though it was no joke to the folks in Texas who went through it).

[NotFuzzyWarm]

Corrected my disremembering price but still some folks saw a massive increase. One link about it from AP is here. From that link:

Among them is Susan Hosford of Denison, Texas. On a typical February day, she pays Griddy less than $2.50 for power. But the one-day cost spiked to hundreds of dollars after the storm. In all, she was automatically charged $1,346.17 for the first two weeks of February.

Still looking for where I got the $9k/MWh from as it still is ringing a loud bell.

[betajuice]

Yes the wholesale cost went to $9 / kWh for a couple times. My question is regarding any policiy change or perhaps additional riders to the delivery costs to recoup from losses.