Looming EPA Regulations Will Have An Immediate Affect On Your Energy Bills - Page 2
With Texas electricity rates currently sitting near historic lows, power companies have next to no spare cash at the moment. And with the current state of the economy, it is next to impossible to borrow funds that are needed to retrofit current plants and build new ones.
If rates stay this low for much longer, we may begin to see additional taxes start to show up on our monthly electricity bills to help pay for the incentives to the power producers. The only way to avoid that is for the electricity companies to hike rates on their own in order increase their revenue to pay for the plants. Either way, Texans should be prepared for higher electric bills later this year.