The natural gas drilling boom that revitalized the American energy industry has been less favorable for Texas power generators, who’ve seen their margins squeezed by cheap natural gas and accompanying low electricity prices.
Companies that built or bought generating plants before the price of natural gas fell from a high of about $13 per million British thermal units in the summer of 2008 are now contending with gas prices in the $2 range — and they aren’t expected to increase above $5 for the next several years.
Read the full article at the Dallas Business Journal. (subscription needed)
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.