Texas Electricity Rates Expected to Rise

Courtesy of ERCOT

Wholesale summer power prices in Texas¬† are expected to rise after the shutdown of three coal-fired power plants last year. But by how much — and what kind of impact those increases will have on electricity bills — might not be known until the summer is over, regulators say.

“We are going into a summer where people are going to be paying a lot, potentially paying a lot more,” said Commissioner Brandy Marty Marquez, who serves on the state’s Public Utility Commission. “We are not really sure what we are going to see.”