The summer should prove to be a challenging one for the Texas grid.
Dallas, Texas (PRWEB) June 29, 2012
The Texas Chamber of Commerce Energy Association would like to remind Texas businesses that the anticipated increase in wholesale electricity rates this summer could impact bottom lines. Texas electricity rates are near multi-year lows today. However, these low rates might not be around much longer due to multiple factors influencing the Texas electricity marketplace.
TCCEA encourages Texas businesses to reach out to their local TCCEA representative to request a free evaluation of their electricity bills to determine if there are opportunities to lower their costs.
Difficult Summer Ahead
TCCEA will be monitoring events in the Texas electricity marketplace closely this summer. The summer should prove to be a challenging one for the Texas grid. Temperatures are forecasted to continue to be higher than normal throughout the summer months. This could put further strain on a grid that is already struggling to deal with the impact of new environmental regulations and tight reserve margins due to lack of recent investment in new power plants.
In order to encourage new investment in electricity generation the PUC is working on a plan to raise the cap on wholesale rates beginning this summer. This is likely to put upward pressure on retail commercial electric rates as well.
TCCEA member chambers represent thousands of businesses of all sizes throughout the state of Texas. Using the negotiating leverage this provides, TCCEA is able to obtain favorable electric rates for members. If your local chamber is not a member of TCCEA have your chamber leadership reach out to TCCEA.