November 15, 2007 admin

Texas Reliance On Natural Gas Powered Electricity

Natural Gas Generated Electricity

Texas relies heavily on natural gas powered energy generation plants. Texas is not unusual in this way as more and more states are using natural gas in the production of electricity. Coal fired power plants continue to be the major fuel source for electric power but natural gas is forecasted to quickly outpace Coal Fired Power is the new number one power fuel source. East Texas has seen natural gas drilling outnumber oil well drilling by 10 to 1. This number is likely to continue to increase and revenue and profit from new and old natural gas drilling companies and exploration companies is expected to do quite well during this time. Actually, it would be smart to put some of your stock portfolio in some of these companies. Energy.gov expects about a 90 percent of future power plants to be fueled by natural gas in the next 20 years. Since Texas is the natural gas king right now you can expect more of these plants in Texas then anywhere else. You will of course see a couple of nuclear power plants as well but these are approved and built on a much slower pace. We will also see distributed power plants being built that are primarily natural gas. These plants will help in providing cheap power to towns that do not have the congestion problems seen in Houston and Dallas. These mini-power plants will be close enough to the city needing power to offset congestion issues they would otherwise face.

Expected Long Term Outlook For Texas Electric Prices



Inspite of the fact that many natural gas power plants will be built in the next 20 years, the government believes electricity rates will continue to rise as the demand is much greater then the capacity able to be built. New transmission infrastructure and circuit technology is being created to make transmission and distribution more efficient but we will still experience some growing pains unless we are supplemented with the necessary nuclear power plants we need to keep the price of electricity down over the next 5 – 10 years.

Learn more about Texas Electricity

About the Author

admin Donny started ElectricityBid.com back in 2007 from his parents basement and has since married his wife Melody and had three sons, John Adam (7) and Noah (4) and our new 20 month old son. He enjoys tech related things, softball, kickboxing, going to the gym, excursions and activities together with his wife Melody. Our service allows you to shop and compare commercial and residential electric rates and providers. Would you take the time today to try our service and see how you like it. Thank you! and God Bless You!

Comment (1)

  1. Wayne Lease

    I am looking for the number of units of natural gas produced in Texas counties for a recent year; also a map of which counties have natural gas production will be useful.

    thanks,

    Wayne
    w.lease@worldnet.att.net

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