Will Texas Blackouts Cause Higher Electric Rates?

Hey, Texplainer: Will my rates go up because of last week's electricity mess?

Lots of Texans are asking that question in the wake of last week's rolling blackouts, and nobody's going to be happy with the answer, which is: "It depends" (if you ask the electricity industry); or "Yes" (if you ask consumer advocates).

The debacle clearly will carry a hefty price-tag. While Texans' lights went out, real-time wholesale prices of electricity shot up to more than 100 times above normal  — and stayed astronomical, limited only by a price cap, for hours. That's how the ...

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