- Photo credits Ford

The cold spell in Texas makes the price of home charging go crazy

The invoice has been multiplied in some cases by 20

1d ago

Faced with the unprecedented cold wave hitting Texas, the Americans are making heavy demands on the region's electricity network, which is itself saturated and paralyzed, causing major power cuts. Faced with the demand, electricity prices have logically undergone a tremendous rise.

Every electron becomes a rare commodity and some homeowners have been sent monthly bills reaching $10,000 (€8,600/£7,100). The MWh is close to the $9,000 (€7,400/£6,390) mark, which represents an increase of 17,900% over the usual prices. This brings us to one kWh billed at $9 (€7.40/£6.39)!

Clearly, electric car owners have nothing to be happy about. In addition to a very greatly reduced range, electric vehicle owners have to deal with expensive recharges. To give you an idea, a full charge of Europe's best selling EV, the Renault Zoé, would cost a whooping $467.6 (€384.8/£332) for a 52 kWh battery.

If we now take as a reference a Tesla Model S Long Range with a 100 kWh battery, the price would be close to $911,2 (€750/£646,9)! Of course, this situation is temporary because charging an electric vehicle at home is normally much cheaper than filling up a thermal car. It is only on the fast charging stations that the prices between thermal and electric are aligned.

Photo credits Ford

Photo credits Ford

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Comments (12)

  • That’s what happens when privatization of critical infrastructure gets exploited by unscrupulous businesses. ¯\_(ツ)_/¯

      1 day ago
    • But then how will the millionaires and billionaires fleece the public for even more money?

      Sounds like communism to me.

        1 day ago
    • Communism? How does privatization of critical public services relate to communist principles? ¯\_(ツ)_/¯

        1 day ago
  • It's all down to the Republican Party's 'free market', unregulated private business model that is only in Texas, not the rest of the US. Basically, no capped upper price limit, no requirement to ensure continuity of service and the entitlement to charge however much you can get away with when you fail to ensure your distribution network and generators break down when there'd cold weather. Capitalism at its absolute worst.

      17 hours ago
  • youtu.be/f1WU8VBe0eg

      1 day ago
  • capitalism at its finest

      1 day ago
  • You need to reword your headline and change “going” to “go”

      1 day ago