ERCOT Update:

March 1st, 2021

Remember this storm and the absurdly price-gougingly high ERCOT market? Folks stuck with bills for thousands, even over TEN thousand dollars for electricity during that time?

Here’s what one Texas co-op did to protect its members:

Texas power company seeks bankruptcy protection after storm

From the article:

Brazos said that it received excessively high invoices from the Electric Reliability Council of Texas for collateral and for purported cost of electric service. The invoices were required to be paid within days. As a cooperative, Brazos’ costs are passed through to its members and retail consumers served by its members. Brazos decided that it won’t pass on the ERCOT costs to its members or the consumers.

THIS! Another reason we need more co-operatives, eh?

STRENGTH THROUGH COOPERATION!

Posted by Carol A. Overland
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