Some Texans were billed $1,000 a day for electricity last week, The Dallas Morning Newsreported.
Some state residents have their home and office bills tied to wholesale electricity prices.
The wholesale price of electricity surged 10,000% as demand increased and supply fell offline.
Visit the Business section of Insider for more stories.
Some Texas residents are facing a new obstacle after last week's winter storms: electricity bills over $5,000 for less than a week's worth of energy.
While millions of people in the state endured lengthy stretches without power last week, other customers are seeing the eye-popping, five-figure power bills because their plans are tied to the wholesale market rate. In the Dallas-Fort Worth area, some residents described being hit with $1,000-a-day charges for electricity, The Dallas Morning News reported. Residents have used social media or other means to show $5,000 bills — or more — over a period of about five days.