Texas' grid operator is warning of a potential power emergency as extreme heat sends electricity demand and prices skyrocketing to record levels. With temperatures in Dallas approaching 100 degrees, the Electric Reliability Council of Texas warned that it was increasingly likely the electricity system could experience shortages -- a prospect that could prompt regulators to ease environmental restrictions and allow generators to run at maximum capacity. The region's power supply cushion has fallen close to 2,500 megawatts, less than 5% of total demand on the system. Wholesale electricity prices have shot up by as much as 21,147% to $3,848.69 a megawatt-hour across the Texas grid. On Monday, they jumped 36,000% to average as much as $6,537.45 a megawatt-hour across the Texas power grid. It's a record that has turned the Lone Star State into the most expensive place to buy power in all of America's major markets. "Prices could hit the ceiling" at $9,000 a megawatt-hour, said Flannan … [Read more...] about Texas energy prices spike as demand strains grid
Texas power brokers
Published 6:00 am CDT, Monday, May 6, 2019 Texas lawmakers are considering whether to force power brokers to register with the Public Utility Commission. Texas lawmakers are considering whether to force power brokers to register with the Public Utility Commission. Photo: Carlos Osorio, AP Photo: Carlos Osorio, AP Image 1 of / 1 Caption Close Image 1 of 1 Texas lawmakers are considering whether to force power brokers to register with the Public Utility Commission. Texas lawmakers are considering whether to force power brokers to register with the Public Utility Commission. Photo: Carlos Osorio, AP Texas moves closer to regulating power brokers 1 / 1 Back to Gallery … [Read more...] about Texas moves closer to regulating power brokers
GeekYourRate uses a customer's past usage to shop. The company takes no referral fees. The charge is $9.95 for 72 hours of access to the company's website for searching. The company says it works to expose "the complex and potentially deceptive rate structures" on its site.Energy Simply helps residential customers for $7 a month. "We do all the work," the company says. "Including plan signup, usage monitoring and automatic plan switching when contracts are expiring." No commissions are received from electricity companies.ElectricityCalculator.com says it uses a "trade secret algorithm" to combine a customer's past usage with current plan offerings. The annual cost is $99.95. The company says it does not favor specific electricity companies, but conducts "independent and unbiased" searches. Griddy says it offers customers wholesale prices "by connecting them directly to the grid" without middleman markups. Griddy says its average kWh rate is about two cents lower than the state average. … [Read more...] about Here’s a guide to companies that help you shop for electricity in Texas. Who they are, and what they do.
Steven Nivin was in the background of two of the biggest local news stories of 2018 — the NCAA Men’s Final Four and the clash over the fire union’s three City Charter amendments — feeding numbers into his forecasting models. The 52-year-old economist, who teaches at St. Mary’s University, authored the economic impact studies for the Final Four and the charter election. He pegged the benefits of hosting the national college basketball championship at $135 million. And he concluded that if voters approved the amendments — they ultimately passed two of the three — the costs to the city could reach as high as $4.2 billion over the next 20 years. Nivin produced both studies under contract with the city. One of the biggest economic-development deals he examined for the city was Toyota’s Tundra plant in 2003. Among the expected benefits: 5,300 spinoff jobs, which would pump $4 billion into the local economy. City, county and state officials gave … [Read more...] about Texas Power Brokers: Meet the economist behind some of San Antonio’s biggest business and economy stories
No one can accuse Tom Cuthbert, one of the leaders of San Antonio’s small-but-growing tech industry, of yawning his way through a plain-vanilla career. The 59-year-old executive coach dropped out of Texas Tech University, and got started in business as an assistant manager at a Metroplex pizza parlor. By the mid-1980s, the Richardson native was helping turn around the then-bankrupt Pizza Inn, a Dallas-based chain that’s still around. As Cuthbert worked to revive the pizza maker, he kept getting recruitment calls from Jungle Jim’s Playlands of San Antonio. Bankrolled by venture capitalists, the company’s executives wanted to expand their chain of indoor amusement parks for kids, and Cuthbert to be their point man. He finally agreed to meet with Jungle Jim’s, and that was that — he moved his young family to San Antonio and developed 20 new locations in Texas, Arizona, Utah and Mexico. Cuthbert stayed in San Antonio after leaving the company, worn out … [Read more...] about Texas Power Brokers: Entrepreneur talks San Antonio tech, learning business in a pizza parlor