Frozen wellheads have reduced supply and somebody won’t get enough. This has caused a bidding war between regional suppliers. Gas has gone from $3 to as high as $450.
And this is driving electricity up from 12 cents to $4 a kw.
Word is electricity bills will be in the thousands of dollars at the end of this billing cycle, though they aren’t expected to remain high.
h/t shovelbum
The news is not confirmed yet…
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
8 views