Texas Scorecard by Luca Cacciatore July 19, 2024
Government-imposed electricity costs rose from 6.78 percent of total electricity costs in 2014 to 41.24 percent in 2021.Policies subsidizing generators, utilities, and unreliable energy have raised the cost of electricity in Texas by $19.9 billion in 2023, constituting 42.7 percent of total electricity costs.
In a study published Wednesday by the Energy Alliance, the group found that the total government-imposed cost of electricity in the Texas Interconnection operated by the Electric Reliability Council of Texas was $84.3 billion.
Texas state and local governments are responsible for causing 85.7 percent of that $84.3 billion.
“The massive increase in subsidies has done nothing to address the primary cause of unreliability in the Texas market, renewable energy,” stated Bill Peacock, the report’s author. “All it has done is to make electricity more expensive for Texans.”
The Energy Alliance’s research also found that government-imposed costs have risen drastically as a percentage of total electricity costs over the last decade.
More:
https://texasscorecard.com/state/government-policies-hiked-texas-electricity-costs-by-almost-20-billion-last-year/
