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Texas Regulators OK Wholesale Electricity Price Hike

The Texas Tribune -- The highest wholesale prices on the Texas electrical grid will be allowed to rise by 50 percent starting in August, following a vote by state regulators.

The Texas Public Utility Commission voted 2-0, with one abstention, to raise the "wholesale price cap," which electricity prices sometimes hit on hot summer afternoons. (The most recent such case was Tuesday.)

The idea is to allow power plant owners to make more money on electrical generation — which could give them an incentive to build more plants to supply the state's growing population. Right now they are not building new plants because of low power prices — linked to cheap natural gas — and the strain is evident on the grid when hot weather causes air-conditioning use to spike. But consumer and environmental advocates fear

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Submitted Jul 02, 2012 By: bar1035

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1006 Champion Author Birmingham Posts:1,105 Points:1,354,315 Joined:Apr 2008	Message Posted: Jul 8, 2012 12:21:31 PM Ignore 1006 Report Abuse where did this crapola come from
BIGOILEATURCRUD Champion Author North Carolina Posts:5,767 Points:1,377,525 Joined:Nov 2008	Message Posted: Jul 3, 2012 1:21:00 PM Ignore BIGOILEATURCRUD Report Abuse Don't worry, the Duke is looking west at some of that Texas green.
Jeffro61 Champion Author Cleveland Posts:2,267 Points:2,284,895 Joined:Oct 2005	Message Posted: Jul 3, 2012 7:14:47 AM Ignore Jeffro61 Report Abuse Personal renewable energy is looking better.
remay Champion Author Houston Posts:6,963 Points:2,116,640 Joined:May 2006	Message Posted: Jul 3, 2012 3:53:36 AM Ignore remay Report Abuse Make those EVs look less inviting???
KrsnaDragon Champion Author Montreal Posts:2,402 Points:530,325 Joined:Nov 2011	Message Posted: Jul 2, 2012 9:26:58 PM Ignore KrsnaDragon Report Abuse Price manipulation makes fresh new inroads in electrical power generation.
Aviator_Rob Champion Author New York Posts:3,795 Points:412,565 Joined:Mar 2012	Message Posted: Jul 2, 2012 9:26:02 PM Ignore Aviator_Rob Report Abuse @grandmamgt1 said, "But I thought all these windmills and solar panels were supposed to help.? They would help a whole lot more if the fossil fuel industry would stop trying to block them and slow down their construction. The fact of the matter is that coal, oil, and natural gas-fired powerplants hate renewables because they're in direct competition with them. Fossil fuel powerplants make the most money when they are running flat-out at 100% capacity. They don't want any other source of power that will force them to throttle back. Kilowatts that they don't generate is money that they don't earn.
Aviator_Rob Champion Author New York Posts:3,795 Points:412,565 Joined:Mar 2012	Message Posted: Jul 2, 2012 9:21:12 PM Ignore Aviator_Rob Report Abuse How about you tell the coal lobby to get off the backs of the American people, @texasvet? They're the ones that are crying the loudest. You think THEY want natural gas powerplants?
Aviator_Rob Champion Author New York Posts:3,795 Points:412,565 Joined:Mar 2012	Message Posted: Jul 2, 2012 9:19:19 PM Ignore Aviator_Rob Report Abuse Where would you like to put the new plants, rjoeh? And once you cut all the regulations on pollution emissions, who'll want to live next to one?
Aviator_Rob Champion Author New York Posts:3,795 Points:412,565 Joined:Mar 2012	Message Posted: Jul 2, 2012 9:17:28 PM Ignore Aviator_Rob Report Abuse Oh, come on, @mstearno. Really? Obama has such amazing pull in the Texas legislature? Really?
rahcat Champion Author Grand Rapids Posts:2,463 Points:661,975 Joined:Jan 2010	Message Posted: Jul 2, 2012 9:11:13 PM Ignore rahcat Report Abuse Texans are going to be pissed off,
regout Champion Author Quebec Posts:2,950 Points:831,730 Joined:May 2010	Message Posted: Jul 2, 2012 9:06:21 PM Ignore regout Report Abuse OK.
bonzoonfmb Champion Author Florida Posts:1,777 Points:643,610 Joined:Feb 2010	Message Posted: Jul 2, 2012 9:05:09 PM Ignore bonzoonfmb Report Abuse Sorry Texans.
bluegrasser1 Champion Author Richmond Posts:15,928 Points:2,614,645 Joined:Sep 2005	Message Posted: Jul 2, 2012 9:04:33 PM Ignore bluegrasser1 Report Abuse ok
SavALot Champion Author Virginia Beach Posts:8,469 Points:1,710,860 Joined:Apr 2005	Message Posted: Jul 2, 2012 9:03:32 PM Ignore SavALot Report Abuse The Texans are not going to like this!
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Jul 2, 2012 9:00:32 PM Ignore frostyWV Report Abuse not good.
bvrbill Champion Author Eugene Posts:3,210 Points:517,735 Joined:Jul 2011	Message Posted: Jul 2, 2012 8:57:39 PM Ignore bvrbill Report Abuse Is there a guaranty that the increased revenues will lead to the building of new plants. They will just take the money and run.
dacofa Champion Author Nevada Posts:5,373 Points:1,148,820 Joined:Jan 2010	Message Posted: Jul 2, 2012 8:54:39 PM Ignore dacofa Report Abuse oh well, here we go
brutherruther Veteran Author Fort Worth Posts:435 Points:237,540 Joined:Mar 2012	Message Posted: Jul 2, 2012 8:54:30 PM Ignore brutherruther Report Abuse Ok
mstearno Champion Author Dayton Posts:8,061 Points:1,730,260 Joined:Jan 2008	Message Posted: Jul 2, 2012 8:54:25 PM Ignore mstearno Report Abuse nobama at work here
rjoeh Champion Author Michigan Posts:7,076 Points:2,469,240 Joined:Jun 2004	Message Posted: Jul 2, 2012 8:53:53 PM Ignore rjoeh Report Abuse More plants are the right answer... but cutting back on the regulations and improve permitting will go far further to getting the end product than raising local price caps.
nztyraider Champion Author Nevada Posts:2,273 Points:692,575 Joined:Apr 2009	Message Posted: Jul 2, 2012 8:53:45 PM Ignore nztyraider Report Abuse Ouch.
puckster5 All-Star Author Toronto Posts:923 Points:830,750 Joined:Jun 2005	Message Posted: Jul 2, 2012 8:37:34 PM Ignore puckster5 Report Abuse k
jrsva Champion Author Virginia Posts:9,847 Points:1,612,025 Joined:Jan 2006	Message Posted: Jul 2, 2012 8:32:15 PM Ignore jrsva Report Abuse Texas is a weird state by almost any measure.
tom426 Sophomore Author Illinois Posts:198 Points:457,860 Joined:May 2009	Message Posted: Jul 2, 2012 8:30:39 PM Ignore tom426 Report Abuse Not a good thing!
blazerbob91 Champion Author Milwaukee Posts:6,140 Points:1,882,695 Joined:Aug 2005	Message Posted: Jul 2, 2012 8:29:29 PM Ignore blazerbob91 Report Abuse Quick raise prices
ROSYMI Champion Author Michigan Posts:1,028 Points:367,900 Joined:Nov 2011	Message Posted: Jul 2, 2012 8:26:57 PM Ignore ROSYMI Report Abuse ok
Bildawg Champion Author Ohio Posts:1,066 Points:480,970 Joined:Oct 2011	Message Posted: Jul 2, 2012 8:26:14 PM Ignore Bildawg Report Abuse blaa blaa blaa
texasvet Champion Author Texas Posts:3,828 Points:360,345 Joined:Jul 2009	Message Posted: Jul 2, 2012 8:22:52 PM Ignore texasvet Report Abuse There wouldn't be a shortage if the Obama Administration wasn't forcing the closure of coal fired plants and preventing the building of new ones. We'll eventually build enough natural gas fired plants to do the job, if the government gets out of the way. And it's none of the Sierra Club's business. They're just as obstructionist as the EPA.
mcmonsta Champion Author Honolulu Posts:3,222 Points:817,570 Joined:Sep 2009	Message Posted: Jul 2, 2012 8:22:47 PM Ignore mcmonsta Report Abuse talking about doing things BIG in Texas...or maybe TAXES
cmbanks10 Rookie Author Oklahoma Posts:3 Points:4,890 Joined:Jul 2012	Message Posted: Jul 2, 2012 8:22:26 PM Ignore cmbanks10 Report Abuse ...and in other news, the price of Ramen Noodles is expected to increase by 100% since the government found out some households can still afford them on their already taxed budgets...
DustyHorse Champion Author Virginia Posts:6,079 Points:1,390,785 Joined:Oct 2008	Message Posted: Jul 2, 2012 8:22:21 PM Ignore DustyHorse Report Abuse Glad I don't live in Texas.
no8c Champion Author Ohio Posts:2,804 Points:704,100 Joined:Jul 2008	Message Posted: Jul 2, 2012 8:19:28 PM Ignore no8c Report Abuse Thanks!
Holly123 Champion Author Charlotte Posts:3,197 Points:789,235 Joined:Dec 2010	Message Posted: Jul 2, 2012 8:17:50 PM Ignore Holly123 Report Abuse Seriously ....
vibdata Champion Author Massachusetts Posts:4,085 Points:848,325 Joined:Nov 2005	Message Posted: Jul 2, 2012 8:13:31 PM Ignore vibdata Report Abuse OF COURSE THEY DO! They get a big cut of the MONEY PIE.
Bezalel Champion Author Oklahoma City Posts:12,094 Points:2,289,815 Joined:Oct 2006	Message Posted: Jul 2, 2012 8:13:23 PM Ignore Bezalel Report Abuse Predicted right here when EV first started being pushed.
abcdMA Champion Author Worcester Posts:7,922 Points:1,574,980 Joined:Nov 2008	Message Posted: Jul 2, 2012 8:12:18 PM Ignore abcdMA Report Abuse in other words, texas taxes
iamforiu Champion Author Indiana Posts:3,570 Points:710,665 Joined:May 2011	Message Posted: Jul 2, 2012 8:12:13 PM Ignore iamforiu Report Abuse ok
drz614 Champion Author Harrisburg Posts:2,299 Points:597,620 Joined:Aug 2011	Message Posted: Jul 2, 2012 8:11:37 PM Ignore drz614 Report Abuse hmmm, texans are ok with this?
wayoung56 Champion Author Alabama Posts:2,800 Points:818,335 Joined:Oct 2006	Message Posted: Jul 2, 2012 8:08:54 PM Ignore wayoung56 Report Abuse Don't mess with Texas???
69Bonne Champion Author Gary Posts:1,145 Points:472,175 Joined:Sep 2005	Message Posted: Jul 2, 2012 8:06:04 PM Ignore 69Bonne Report Abuse Greed by corporations.
lovetosavegas Veteran Author Houston Posts:319 Points:196,550 Joined:Apr 2005	Message Posted: Jul 2, 2012 8:05:58 PM Ignore lovetosavegas Report Abuse Higher electricity prices will not be competitive with low oil prices => need to import more oil. We need to lower renewable energy prices via subsidies. Natural gas is really cheap right now in comparison to electricity and oil.
ACTown Champion Author Oregon Posts:2,347 Points:1,429,605 Joined:Jun 2007	Message Posted: Jul 2, 2012 8:05:13 PM Ignore ACTown Report Abuse Just another form of taxes? what can you do about it? nothing.
IUVidiot Champion Author Indiana Posts:3,585 Points:708,360 Joined:Jun 2011	Message Posted: Jul 2, 2012 8:03:24 PM Ignore IUVidiot Report Abuse ok
Vitobug Champion Author El Paso Posts:1,955 Points:639,935 Joined:May 2011	Message Posted: Jul 2, 2012 8:02:31 PM Ignore Vitobug Report Abuse ok
MadTraveler Champion Author Idaho Posts:2,082 Points:572,100 Joined:Nov 2009	Message Posted: Jul 2, 2012 8:01:33 PM Ignore MadTraveler Report Abuse Huh
livedream Champion Author Michigan Posts:3,680 Points:754,085 Joined:Mar 2011	Message Posted: Jul 2, 2012 7:58:54 PM Ignore livedream Report Abuse OK....
grandamgt1 Champion Author Illinois Posts:2,341 Points:1,239,350 Joined:Apr 2008	Message Posted: Jul 2, 2012 7:57:35 PM Ignore grandamgt1 Report Abuse But I thought all these windmills and solar panels were supposed to help.
Lerxst17 Champion Author Dallas Posts:1,025 Points:396,925 Joined:Feb 2012	Message Posted: Jul 2, 2012 7:56:23 PM Ignore Lerxst17 Report Abuse And the hits just keep on coming...
rf6480 Champion Author Miami Posts:1,534 Points:547,055 Joined:Mar 2011	Message Posted: Jul 2, 2012 7:56:11 PM Ignore rf6480 Report Abuse bend over and say ahhh
DavoIL All-Star Author Chicago Posts:806 Points:938,255 Joined:May 2009	Message Posted: Jul 2, 2012 7:54:57 PM Ignore DavoIL Report Abuse good post, sillywagon