Why some Texas residents are ending up with $5,000 electric bills after the winter storms

A vehicles drives on snow and sleet covered roads February 15, 2021, in Spring, Texas.
David J. Phillip/AP
Some Texans were billed $1,000 per day for electricity during last week's frigid weather, The Dallas Morning News reported.
The wholesale price of electricity surged 10,000% as demand increased and supply fell offline.
Some state residents have their home and office bills tied to wholesale electricity prices. 
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