Last night, Gov Abbott said “electricity costs in TX remain one of the lowest in the entire US & far lower than the nat'l avg.” Acc'g to @EIAgov, this is false.
In 2019, *before* Uri, Texas' residential electric bills were 7th highest in the US. Now things are worse. 1/ #txlege
In 2019, *before* Uri, Texas' residential electric bills were 7th highest in the US. Now things are worse. 1/ #txlege
Once 2021 & 2022 data is entered, we'll likely be even worse off relative to other states.
The Independent Market Monitor shows ~$4-5 billion in added costs from "conservative operations" (ORDC, RUCs, + increased reserves for full year 2022).
#energytwitter #TXGovDebate 2/
The Independent Market Monitor shows ~$4-5 billion in added costs from "conservative operations" (ORDC, RUCs, + increased reserves for full year 2022).
#energytwitter #TXGovDebate 2/
Transmission congestion, a problem festering for nearly a decade, has caused another $2.1b in consumer costs thru July (likely $3-3.5b in 2022)
Per household, all this adds $100s in costs at a time >50% of Texans are cutting back on spending bc of high home energy bills. 3/
Per household, all this adds $100s in costs at a time >50% of Texans are cutting back on spending bc of high home energy bills. 3/
A majority of Texas voters are feeling the pain, regardless of party, and are cutting back on a wide variety of spending because of it.
This is a major drag on the Texas economy & will get worse if the Governor & PUC add more costs. #txlege 4/
dataforprogress.org/blog/2022/9/30…
This is a major drag on the Texas economy & will get worse if the Governor & PUC add more costs. #txlege 4/
dataforprogress.org/blog/2022/9/30…
Not only do we not have "one of the lowest...electricity costs" in the US, we have among the highest and it's heading in the wrong direction.
Texas is not only in a reliability crisis (sorry, the grid is not "fixed"); we're in an affordability crisis, too.
#txlege #txenergy 5/
Texas is not only in a reliability crisis (sorry, the grid is not "fixed"); we're in an affordability crisis, too.
#txlege #txenergy 5/
Sources:
for electricity cost rankings @EIAgov and @cubillinois
citizensutilityboard.org/wp-content/upl…
IMM on ORDC and congestion: ercot.com/files/docs/202…
IMM on reserves (non-spin) and RUC: ercot.com/files/docs/202…
6/end
for electricity cost rankings @EIAgov and @cubillinois
citizensutilityboard.org/wp-content/upl…
IMM on ORDC and congestion: ercot.com/files/docs/202…
IMM on reserves (non-spin) and RUC: ercot.com/files/docs/202…
6/end
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