Electricity Prices in Texas
According to the Electric Reliability Council of Texas (ERCOT), the current residential electricity prices in Texas can vary depending on several factors such as time of use, location, and the type of plan. For example, in June 2022, the average cost for a kilowatt-hour (kWh) in the ERCOT grid area ranged from $0.06 to $0.16, with the highest prices occurring during peak demand periods.
The future prices of electricity in Texas are difficult to predict, as they are subject to fluctuations due to various factors such as changes in demand and supply, weather conditions, policy changes, and other economic and political factors. However, some experts predict that electricity prices in Texas may increase in the future as the cost of generating electricity from fossil fuels increases with global demand. Additionally, climate change and government regulations related to carbon emissions may also create upward pressure on electricity prices. However, it's important to note that these predictions are speculative and subject to change.
Texas Association of Energy Providers