Are Texas Electricity Rates Going Up Or Down

Electricity generation from renewable energy sources rises from 17 in 2019 to 20 in 2020 and to 22 in 2021.

Are texas electricity rates going up or down.

Texas electricity prices are expected to increase this summer. This chart is compiled using data from the u s. The average 12 month rate for new electricity plans available in texas sets at 10 7 kwh. Meanwhile electricity prices in the west south central states arkansas louisiana oklahoma and texas have remained comparatively high decreasing gradually from mid 2009 and remaining more or less static since the about 2012.

Utility electricity rates go up and down throughout the year. Variable pricing could go as high as 15 cents per kilowatt hour or higher. Texas electricity rates have ticked up slightly in october after falling in september following a summer spike in electricity rates. October 2019 texas electricity rates update.

What s my current electric rate. Eia expects a decline in nuclear generation in both 2020 and 2021 reflecting recent and planned retirements of nuclear. The price you pay for electricity depends on numerous factors including but not limited to your location time of year consumption and market changes disruptions. There are fixed rate plans for texas residents on comparepower with rates as low as 0 06 per kilowatt hour kwh.

Energy information administration eia gov. This is up slightly from the 10 6 kwh rate in september. The average price for electricity in texas in 2019 is 11 67 cents per kilowatt hour kwh. The average electricity rate is 13 19 cents per kilowatt hour kwh.

There was another slight rise that started in 2014.