Texans face skyrocketing home energy bills as the state exports more
natural gas than ever

The cost of electricity in Texas is tightly tied to the price of natural
gas, which has more than doubled since Russia invaded Ukraine in late February."

Texans are seeing skyrocketing home electric bills this spring and
summer, with many customers paying at least 50% more than they did for
electric bills at this time last year.

And nobody seems to know when costs will go down.

“I am worried people are going to be shocked,” said John Ballenger, vice president at Texas retail electric provider Champion Energy. “Realizing
this is 50 or 60 or 70% higher than what they had paid before, I’m just
not sure it’s real to people yet. If it’s not, it will be very, very
soon when the bills hit this summer.”

Here’s what Texans need to know about why utility bills are getting more expensive:

What’s driving electricity and gas bills higher?

The elevated utility bills have primarily been driven by the price of
natural gas, which has shot up more than 200% since late February when
Russia, a top gas-producing country, invaded Ukraine and upended the
world’s energy market.

Since then, Texas, the leading natural gas-producing state in the U.S.,
has not been able to keep offering its own residents cheap energy.

Since the war in Ukraine began, Texas has been exporting more natural
gas than ever before, sending much of it to Europe as many countries try
to wean themselves off Russian gas. Congress lifted a longtime ban on
exporting U.S. oil and gas in 2015, which opened world markets to Texas
oil and gas producers.
[snip]

LOL, yeah, "Don't mess with Texas."

It's been so hot here lately that I've been running the air
conditioner continuously. "Les bons temps rouler." Let the good times roll!

https://www.youtube.com/watch?v=DdqQt0b9SGI

https://www.youtube.com/watch?v=M_KKm8NeZW8

TB

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