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Texas Senate Passes Bill to Subsidize Fossil Fuel Plants

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Will Texas Subsidize Fossil Fuel Plants? The Texas Senate recently passed a bill to increase investment in dispatchable power plants. Find out how this plan to subsidize fossil fuel plants may increase your electric bills. The Texas Senate passed Senate Bill 388 on March 19. The bill headed to the Texas House and was assigned to the State Affairs committee. This bill is part of a larger effort to support natural gas plants. It will subsidize fossil fuel energy by giving financial help to builders of new natural gas plants. If passed by the lower chamber, the bill will change how Texas power gets made and used. Furthermore, it creates a trading program for “dispatchable generation credits.” As a result, every electric company that generates power in Texas would have to either own natural gas capacity or buy credits from others. A New Push to Subsidize Fossil Fuel Energy Lawmakers say the bill should help make the grid more reliable. But this plan comes with big risks and m...
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Lock In Cheap Electric Rates in Houston Now!

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Do You Want Cheap Electric Rates Today? Not all cheap electric rates are the same! Learn how you can save more on these recommended electric plans in Houston. You can’t be an expert at everything. Sometimes, it is helpful to have informed people giving their opinions on what you should do. So when it comes to keeping cool for less, the recommended Texas power plans for Houston are a great place to start shopping. Here, you find cheap electric rates in Houston that fit most people’s needs.  Houston Plans with Cheap Electric Rates When you search your Houston zip code on Texas Electricity Ratings, these recommended plans appear at the top of the search results. Plan Term Rate Avg. Bill Bill Credit ETF Chariot Energy GridEdge 36 36 months  9.8 cents $98 $90 @ 1,000 kWh $15 x Months Remaining Gexa Energy Gexa Eco Saver Plus 24 24 months  9.9 cents $99 $125 @ 1,000 kWh $295 Chariot Energy GridEdge 24 24 months  10.0 cents $100 $90 @ 1,000 kWh $15 x Months R...
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Texas Energy Ratemaking Bills Put On Hold

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What Could These Energy Ratemaking Bills Have Done? Two ratemaking bills passed the Texas House but did not clear the Senate before the session adjourned. Learn why these bills still matter to your electric rates. Texas lawmakers considered making big energy ratemaking bills this year. But in the end, the proposals failed. Two bills aimed at making it easier for Texas power utilities to raise rates moved through the House but stalled in a Senate committee. Even though the bills didn’t pass, the debate matters. It shows what could be coming, especially during another hotter Texas summer. And these sorts of ideas could impact electricity prices in the future. What HB 3157 and HB 2868 Would Have Done House Bill 3157 would have let electric utilities raise rates before a full regulatory review. Utilities could have charged more using interim rates . If the final approved rate ended up lower, the company would have refunded the difference with interest. House Bill 2868 would have all...
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