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To cover debt incurred due to high natural gas prices, utilities outside Texas have had to raise prices. Oklahoma Natural Gas is charging customers up to $7.80 per month for the next 25 years to securitize its costs of $1.4 billion during the crisis. [138] The natural gas industry reaped a windfall profit of $11 billion during the crisis. [22]
The state's average gas price dropped 4.2% last week. Currently, gas prices are 76 cents away from the annual low of $2.73 in Texas.
According to data from AAA, gas prices in Texas are nearing the national average. While the average price of regular gas in the United States is $3.63 per gallon, Texas residents pay an average of ...
For about one hour late Friday, day-ahead prices on ERCOT's website jumped as high as $688 per MWh. Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand ...
The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers representing about 90% of the state's power load, has said it has enough resources ...
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Real-time power prices, however, jumped to over $4,000 per megawatt hour (MWh) for more than an hour Thursday evening after hitting the grid's $5,000 price cap for about an hour Wednesday night.