Contributing factor #3 for higher energy cost
We are sure you can still remember February 2021 when winter storm Uri caused havoc across Texas. You may not have known it, but Uri is still changing how Texans receive power and what we are paying to keep the power on. An example of this is the Public Utilities Council changing focus from providing cheap electricity to focusing on the reliability of the Texas Power grid.
“Conservative operations add costs,” said Cathy Webking, a longtime Texas energy lawyer.
ERCOT’s new approach to operating the grid means asking power plants to be online and available in case they’re needed. That means paying generators a prescribed price to run no matter what happens. Winter storm Uri may be behind us, but we are still paying for what happened and probably will continue to pay into the foreseeable future.
To make this statement more true, Texans will soon be seeing an additional charge on their energy bill that will repay ERCOT some of the money. You will see this line item on your statement from Pogo (and any other electricity retailer) as ERCOT Winter Storm Uri Charge.