Stupid question time....why doesn’t ERCOT (or whoever) just reduce the amount being charged back down to the normal amount? Just because they can charge more doesn’t mean they should!
If I recall correctly, Gov. Abbott said the increased costs shouldn’t be passed to consumers. That’s only keeping the electric companies in the middle since they’re being forced to pay for the higher charge.
ERCOT is just a regulatory group, they don’t own anything. This is all private businesses. By filing for bankruptcy they can work out some arrangement.