Texans are paying less for electricity today in real dollars than they did in 2001. Additionally, since 2001, Texans have gone from paying more for electricity than the average U.S. consumer to paying less. How has this come about? Competition.
Tight Grid Conditions in April and May Highlight the Risk of Soaring Electric Bills for Texans
The Electric Reliability Council of Texas (ERCOT) region will likely see real-time market prices approach the regulatory cap of $5,000/MWh on Wednesday, not long after price spikes on April 28 and April 16. The fact that the market is showing signs of scarcity in the spring, long before the heat of this summer or the...