Will Texas Blackouts Cause Higher Electric Rates?
Hey, Texplainer: Will my rates go up because of last week's electricity mess?
Lots of Texans are asking that question in the wake of last week's rolling blackouts, and nobody's going to be happy with the answer, which is: "It depends" (if you ask the electricity industry); or "Yes" (if you ask consumer advocates).
The debacle clearly will carry a hefty price-tag. While Texans' lights went out, real-time wholesale prices of electricity shot up to more than 100 times above normal — and stayed astronomical, limited only by a price cap, for hours. That's how the laws ...
Comments (4)
Mac Mcclure via Texas Tribune on Facebook
Oncor wants a 16% increase. 60% of the electricity generated in Texas is generated by natural gas fired plants. The price of natural gas is at a 7 year low. How can such an increase be justified?
Carolyn Moon via Texas Tribune on Facebook
Oh yes. You always pay more for not having it than for having it.
Mary Lynn VanZandt Neill via Texas Tribune on Facebook
Sounds like a wimpy parent's" maybe"...or" because I said so".Moronic..we need truth.
RechargeTexas.com via Texas Tribune on Facebook
The blackouts certainly raised a lot of questions. From the RechargeTexas.com blog - http://www.rechargetexas.com/blog/