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Nationwide data from the U.S. Energy Information Administration [7] shows that Texas's electric prices did rise above the national average immediately after deregulation from 2003 to 2009, but from 2010 to 2015, prices dropped significantly below the national average price, with a total cost of $0.0863 per kWh in Texas in 2015 vs. $0.1042 ...
Texas produces the most wind power of any U.S. state. [5] [7] According to the Electric Reliability Council of Texas (ERCOT), wind power accounted for at least 15.7% of the electricity generated in Texas during 2017. [8] [9] ERCOT set a new wind output record of nearly 19.7 GW on January 21, 2019. [10]
A 2021 Texas law designed to protect the energy and firearms industries is costing the state hundreds of millions of dollars in business-related activity while increasing costs for state and local ...
Wholesale prices were kept at an artificially inflated level of $9,000 for about four days, an amount normally only hit momentarily, in fear of instability even after electricity demand dropped. Total Texas electricity costs on February 16 alone reached $10.3 billion, greater than the $9.8 billion spent in all of 2020. [22]
Further changes in the 1999 Texas Legislature not only called for a restructuring of the electric utility industry but also created new legislation that ensured the protection of customers' rights in the new competitive environment. The agency is headquartered in the William B. Travis State Office Building at 1701 North Congress in Austin.
As officials warn of power shortages, some may recall Texas Gov. Greg Abbott promise that “the lights will stay on” in a November 2021 interview with Fox 7 in Austin.
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