During last week’s power crisis in Texas, prices surged to the market price cap of $9,000 per megawatt-hour for several days, resulting in some huge bills for a lot of homeowners. (To put that in perspective, the state’s seasonal average is $50 per megawatt-hour.) The entire US, not just Texas, has a lot of infrastructure work to do in order to avoid more power crises like this. But in the meantime, how can consumers protect themselves from exorbitant surprise power bills when extreme weather increasingly occurs?
