The weather in Texas continues to become hot and humid and air conditioners are running at high capacity as home owners and office buildings try and cool down from the heat. The impact has taken much needed natural gas energy surpluses from the ground and left electricity generation plants peaking out for more natural gas in a high demand market. Consumers in the state ask why such high electricity prices? Considering we rely so much on natural gas to produce our electricity and the fact that this gas is a highly volatile market gives us our answer. Natural gas will go all over the place this year as the transport and storage of natural gas is not as easy as say storing nuclear energy.

Texas Electricity Rate Comparison

The Texas Electricity rate in comparison to the rest of the nation is starting to look a little more comparable. People thought that when deregulation struck in Texas that it actually worsened the electricity rate. What actually happened was a soike in natural gas prices. Now we see several states comparing or even higher in the average rate of electricity. Florida, District of Columbia, Delaware, New Jersey, Vermont, California, Alaska, Rhode Island, Maine, New York, New Hampshire, Massachusetts, Connecticut, Hawaii all have higher average electricity rates then Texas. Texas is beginning to look much better in comparison with the other states. If we add a few nuclear power plants we could see our electricity rates in this state drop considerably.

Tagged: Electricity Rates