I predicted it and it was confirmed over the weekend, Texas is expecting that the Feds bail out customers of their sky-high electric bills. This must not happen, Texas legislators and Governor must resolve this in favor of the customer and asking the supplier and the distributor to eat the over normal costs.
This is nothing more than profiteering on a disaster...this is no better than someone forcing a person to pay $1000 for a life preserver during a flood when they are about to drown.
If the Feds bail out the consumers and pay all these bills the fat cat suppliers will get rich from federal funds and the distributers will be left without any sacrifice with their normal profit margin.
The Suppliers should adjust all of their bills to no more than 2x the average rate for the winter average rate and customers should pay 2x their average bill who signed up for this ill advised plan.
If the suppliers don’t like it they can pound sand and sue but I think if they do even in Texas the legislature will regulate their sweet deal out of existence...there is no reason for this to stand...OK done with my rant...thanks for listening.