Last weekend, storms across central Texas managed to leave about 3,000 homes and businesses without power. Naturally, the utility companies were quick to restore power to the affected customers, but this small, relatively minor incident serves as a reminder: weather can be an enormous factor in changes to the cost of commercial electricity rates. Texas. Read the Rest…
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Tag: ‘Texas Electricity Rates’
Your Commercial Electricity Window of Opportunity
Natural gas prices are low. In fact, they are not just low. They are hovering just above ten year lows, and that has a huge impact on commercial electricity rates. Ten years ago the state of Texas deregulated the electricity market. At that time, natural gas prices were around $2 per MMBTU. Over the course. Read the Rest…
Commercial Electricity Rates Remain Extremely Low
Earlier this week we explained the impact of heat rates on cost of commercial electricity. There are several factors that contribute to the cost of electricity. Weather, like the tornadoes that tore through the state this week, can cause prices to jump. Heat rates (how efficiently fuel is converted to electricity) certainly plays a significant role. Read the Rest…
Does Latest Natural Gas Production Report Signal a Market Bottom?
For months analyst have been looking for the massive drop in rig counts to result in a decrease in natural gas production in the U.S. According to the Energy Information Agency’s latest production report, this has finally happened. Production in the lower 48 states fell by 1.4 billion cubic feet per day in September. This. Read the Rest…
