There are dozens of power suppliers in Texas, among which Blazouez Cooperative Company is the largest, directly responsible for supplying power to 6.5438+0.5 million people in Texas, but this snowstorm has become the last straw to crush this power company. Because the power equipment was destroyed by the snowstorm, it had to spend high prices to buy alternative electricity to meet the demand of residents, resulting in a huge cost deficit. Unable to pay the high debt of 2 1 billion dollars, the company filed for bankruptcy protection in Houston in March 1 year. Blazouez Power Company pays a high price to buy high-priced alternative power, so it is natural for Texas residents to share it. Residents were dumbfounded when the electricity bill was delivered to them. At one time, some residents in 60 yuan were unwilling to pay such sky-high electricity bills, which led to the increasing cost deficit of power companies and finally forced them to file for bankruptcy.
The sky-high electricity bill that Texas residents have to pay is about 60 yuan RMB, but according to the electricity price in China, it is about 50 cents at a time, which shows how precious electricity is in Texas and how hard this disaster has hit Texas. Blazouez was the first company to fall down, which can be said to have opened Pandora's Box. In this crisis, 48% of power plants stopped production, the spot electricity price reached $9,000 per megawatt hour, and high service fees were charged. Under normal circumstances, the electricity bill in the United States is $22 per megawatt hour, which shows that the growth of residential electricity bill is exponential.
In addition to Blazouez, the largest power plant, other power companies also demand high prices to buy alternative power, which leads to their increasing fiscal deficit. These power companies are faced with billions of huge debts, and all power companies in Texas may face credit downgrade, and then many power plants will close down. This economic means of relying solely on the market to regulate production has led to a serious imbalance between supply and demand, resulting in such a deformed electricity price, which fully exposes that capitalism relying solely on market regulation will lead to serious economic and social crises. The fiasco of the market once again proves that economic development must require the government to have the corresponding macro-control ability and be able to act decisively in an emergency.