Amarillo, Texas – There’s an electric bill price hike headed your way. Starting next year, you’ll pay about 12% more than you do now. For an average family, that’s roughly $8 a month.
The reason for the price hike is a new federal EPA law mandating Texas and nearly 2 dozen other states reduce emissions because the agency claims they’re causing smog and pollution on the east coast. In order to meet the new standards by the January first deadline, Xcel Energy will have to revamp the way it creates fuel.
Xcel’s Director of Regulatory Administration Alice Jackson says, “We are having to make coal the second option. So the least expensive option is having to be called on second. So essentially that means we operate our natural gas before we operate our coal therefore increasing the overall cost to the customers.”
Keep reading “Get ready for an electric bill price hike“
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.