Last year saw increased wholesale and retail prices in Texas due to low reserve margins and hot weather. This year will bring more of the same. Learn how reserve margin, weather, and operating reserves were expected to all play a role in driving up 2019 Texas electricity rates.
Where are energy rates going for 2019? And what are the trends to watch? In this article we examine some of the important factors in energy rates, including the price of natural gas, continued closure of coal-fired plants, the increase in renewable energy generation, and the falling costs of battery storage.
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.
America’s demand for electricity is huge, totaling 18% of the world’s electricity consumption in 2015. We take for granted that electricity will be there when we turn on the lights or crank up the air conditioner. We can’t imagine life without it. But, have you ever wondered how electricity is made, or where it comes from, or how we get it the instant we want it?
Beginning in 1879, electricity was first sold in the United States by the California Electric Light Company in San Francisco which produced and sold enough electricity to run about 20 electric lights. Since then the use of electricity has grown exponentially. Fast forward to 2016 and Americans consumed about 3.85 trillion kilowatthours (kWh) of electricity according to the U.S. Energy Information Administration. In this post we cover the basics about what powers this huge amount of consumption, the sources of electricity in the US, and the role of deregulation.
Renewable energy, or green energy, is gaining a foothold outside of niche groups and is becoming a very viable and increasingly prevalent source of power for our electricity grid.
Various types of renewable energy are included in select electricity plans, but not every shopper knows what those sources are or what that means for them. Electricity customers have more choices than ever. Besides price and plan terms, they can also choose how much green power is coming down the wire.