In the News: Competition Pushing Prices Down
Falling natural gas prices are good news for consumers
September 4, 2009
“There’s a new Texas two-step. Natural gas prices and retail electric rates are moving in tandem — steadily downward — a trend that could leave many energy consumers dancing with delight…
“Thanks to plunging natural gas prices, many Texans can secure electric rates that are 25 to 40 percent lower than what they were paying last summer. Rates had soared as a result of spiraling prices for natural gas, which is burned to generate much of Texas’ electricity.”
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Competition delivers lower power prices in Texas
September 3, 2009
“Electric consumers in Texas’ deregulated power market are enjoying 20-percent lower prices this summer despite searing heat that pushed power use to an all-time record in July.
“Electricity is being offered for less than 10 cents per kilowatt-hour, down 20 percent from last summer in areas where electric retailers battle to attract customers, like Dallas and Houston.”
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