During a high power use emergency the cost of wholesale power could jump 18,000 percent to a $9,000 per megawatt-hour wholesale power price cap

Did you know that your retail electric provider may be working behind the scenes to drive up energy prices? A review of filings at the PUC show that several Texas retail electric providers are pushing hard for the approval of super high wholesale energy price caps and for a very expensive capacity market that will trickle down to you, the ratepayer, in increased energy bills. These proposals, by their very design, will make energy more costly.

Check out the new blog post at the Recharge Ratepayer Report.