YTD, we have averaged about a 20% increase in rates in a year. This is due mostly to natural gas prices going up significantly. About 59% of power plants in Texas are run on natural gas, while coal's share is about 27%.
Natural gas closed today at $12.96 per MMBTU (roughly 973 cubic feet)
For example, Gexa Energy's fixed plan is offered at $0.17 per kw/h. Last year, Gexa offered the same plan for $0.141 per kw/h, an increase of roughly 20%. Other smaller providers have had bigger increases.
Meanwhile, companies like Dynegy have plans to build coal power plants (coal is the cheapest fuel for power generation) Dynegy's added power capacity would be a welcomed relief to all Texas residents, but not everyone wants these power plants to be built.
Links: www.powertochoose.org
http://tonto.eia.doe.gov/dnav/ng/ng_sum_lsum_dcu_nus_m.htm
http://www.wtrg.com/daily/oilandgasspot.html
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