The Texas blackouts generated billions in revenue for gas companies ...Middle East

For most Texans, the widespread blackouts after a winter storm this February were a nightmare. In addition to at least a hundred deaths, households and other electricity users in the state were forced to pay tens of billions of worth of electricity bills.The state’s electricity market, unlike those in most US states, has relatively few guardrails against wild price swings. Those price spikes are intended to reward power companies that keep the power flowing when demand is high. After half the state’s power plants were knocked offline by freezing temperatures, electricity prices for those households that still had power went through the roof.Electricity sales during the blackouts surged to $5

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