ERCOT Archives - ElectricityPlans

Why are Texas Electricity Prices So High?

Texas electricity prices are on the rise in 2022. Here’s why Texas electricity prices are so high right now, and some strategies on how to get the best price for your home or business. (Use that link to jump right to our recommendations, or read on for geopolitics and economics 101.)

But know this. Historically, electricity rates increase in July and August each year. So if you are waiting for prices to fall? We don’t have a crystal ball, but we think it’s unlikely that prices will get back to 2021 levels.

Your best bet for the cheapest electricity plan is one without complicated rate structures or bill credits. Here’s how to quickly find cheap rates:

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Texas Electricity Trends for 2022

Texas electricity rates in 2022 continue to show the greatest value with long terms plans. The other big trend? More green energy electricity plans as Texas moves generation to renewable energy.

(In a hurry? Jump right to our recommendations on the best residential Texas electricity plan for 2022.)

What’s Going On With Texas Electricity? February 2021

Published on February 16, 2021 in Electricity Education Last Updated May 6, 2021

What’s going on with Texas (ERCOT) electricity? And more importantly, why don’t I have lights?

Below we walk through what’s going on with Texas electricity during this brutal cold snap. We also have some ideas on why rolling blackouts have turned to 36+ hours without power in some areas.

Sales Tax Exemption in Texas – Cut Your Business Electricity Cost

Your Texas business may qualify for a sales tax exemption on your electricity bill. To do so, you’ll need a Predominant Use Study. That’s an engineering report that shows how much of your electricity you use producing goods.

Here’s what you need to know about the Texas Sales Tax Exemption and how to your business can qualify.

Impact of Coronavirus on Texas Electricity Grid

Published on March 15, 2020 in Energy News Last Updated April 2, 2020

In times of uncertainty, it’s natural for people to be concerned about those things that they can’t control. At ElectricityPlans.com we are working to get answers to some of the most common questions you may have about electricity reliability.

Will my power be disconnected if I can’t pay my bill?

What are electricity prices like right now?

US Energy Trends for 2020

Published on February 25, 2020 in Electricity Education Last Updated February 25, 2020

Where are energy rates going for 2020? And what are the trends to watch? In this article we examine some of the important factors in energy rates, including: natural gas prices, the continued growth of renewable energy, and potential changes in capacity markets.

Texas Electricity Trends for 2020

Published on February 7, 2020 in Electricity Education Last Updated January 27, 2021

Texas electricity rates in 2019 were relatively flat compared to the prior year. And if you were in a fixed rate contract throughout 2019, you had a secure price. But those who were on a variable rate or a wholesale index rate (i.e. Griddy Energy) had their rate explode in mid August when ERCOT hit a historic usage level.

So what will happen in 2020? It all depends. But indications are that market forces are driving up retail energy prices in the short term, and that long-term contracts might be the way to go this year.

>>Want the latest Texas electricity trends? Here are Texas Electricity Trends for 2021

The Breeze Energy Meltdown: A Sign of Things to Come?

Published on June 27, 2018 in Energy News Last Updated October 1, 2018

Breeze Energy customers got a rude surprise on May 30, 2018. They received notification that their retail electric provider had gone out of business. They would now be served at a high market rate by the Provider of Last Resort, or POLR. What would you do if you received such a notice? And what is the risk of it happening to you?

The High Risk of Summer 2018 Texas Month to Month Electricity Plans

Published on June 1, 2018 in Energy News

Texas electricity customers face historically high electricity prices this summer. The rising energy rates are not so much a result of the cost of natural gas, the primary commodity used to generate electricity, but are a result of increased demand and anticipated shortages in supply. What does this mean for customers on variable rate, month to month electricity plans? High, high, high electricity rates for the dog days of summer. Who is most at risk? Prepaid electricity customers and customers on holdover rates from expired electricity contracts.

What’s Ahead for 2018 Texas Summer Electricity Rates: Supply, Demand, and Reserve Margins

Published on April 4, 2018 in Energy News Last Updated March 2, 2022

If you’ve shopped for an electricity plan in Texas recently, you’ve probably noticed that rates are rising. In fact, some of the energy rates for Texas plans have increased over 30% so far in 2018 and will continue to rise as the summer approaches.

What’s contributing to this rise? In short, it’s simple economics. Understanding the market forces at play in ERCOT will help you make an informed decision about your energy needs going into the summer and avoid a painful utility bill.

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