The widening gap with the natural gas market apparently is not so pronounced with wholesale energy, or with retail electric customers in the commercial and industrial sectors. This would seem to indicate that economic inefficiencies are having a disproportionate impact on the Texas residential electricity market. This should concern anyone who pays an electric bill.
But what should we do about it? One good idea is to stay involved. We can encourage Texas policymakers to approve useful reforms, and also to avoid taking actions that could harm the market. One proposal at the Public Utility Commission, for instance, could lead to higher electricity prices despite shrinking natural gas costs. TheHouston Chronicle has written about the change in an article (“Proposal could hike electricity rates despite lower fuel costs”) that you can find here. Supporting Standard Offer Products, a reform supported by the Texas Coalition for Affordable Power, also could make a difference. You can read about Standard Offer Products here.
Want to write your local lawmaker? You can find mailing addresses at this link. You can also write the Texas Public Utility Commissioners at P.O. Box 13326, Austin, TX, 78711-3326.
TCAP is a coalition of more than 160 cities and other political subdivisions that purchase electricity in the deregulated market for their own governmental use. Because high energy costs can impact municipal budgets and the ability to fund essential services, TCAP, as part of its mission, actively promotes affordable energy policies. High energy prices also place a burden on local businesses and home consumers.