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Texans will pay for decades as crisis tacks billions onto electricity bills

The price tag so far: $50.6 billion, the cost of electricity sold from early Monday, when the blackouts began, to Friday morning

A worker repairs a power line in Austin. Photo: Bloomberg
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A worker repairs a power line in Austin. Photo: Bloomberg

Mark Chediak, Naureen S Malik and Josh Saul | Bloomberg
Now that the lights are back on in Texas, the state has to figure out who’s going to pay for the energy crisis that plunged millions into darkness last week. It will likely be ordinary Texans.

The price tag so far: $50.6 billion, the cost of electricity sold from early Monday, when the blackouts began, to Friday morning, according to BloombergNEF estimates. That compares with $4.2 billion for the prior week.

Some of those costs have already fallen onto consumers as electricity customers exposed to wholesale prices wracked up power bills as high as $8,000 last week. Other customers won’t know what