Oncor Reports $229 Million in Profits While Texans Pay Higher Electric Rates
Oncor is supposed to be Texas’ largest regulated utility, and they are milking residents for an extra $60 million in profits during the scorching heat wave this summer.
Electric Rates
Revival Of Nuclear Energy May Help Lower Electric Rates Eventually
Western governments are rethinking dependence on Russian oil and gas, and it is a big opportunity for nuclear power to grow and help to lower electricity prices in Texas as well as the rest of the country and the world.
Power Wizard in The News
This story came out back in 2019, but we’re still mistaken for “Power Wizard.” Wizard Energy is NOT Power Wizard. Nonetheless, we do work hard to help people save big money on their electric bills! We’ve been at this for… Read More »Power Wizard in The News
Electricity Will Be Much More Expensive Next Winter
decades on the back of higher energy demand and market turmoil caused by the war in Ukraine. The electric rate could reach 15.6 cents a kilowatt hour, according to estimates.
Texas Can Phase Out Coal with Wind & Solar
Texas has enough wind and solar power to phase out coal entirely to reduce Electric Rates, but there’s a catch! The state’s energy grid is a mess, and it is standing in the way of a faster transition in Texas away from coal and toward renewables.
Bitcoin Mining for Energy Independence?
Bitcoin mining companies are flocking to Texas and Rep. Pete Sessions wants Texas Bitcoin mining to be a key component of U.S. energy policy. Global fuel prices have risen in the wake of Russia’s war against Ukraine.
Electric Rates Are Going Up!
The Public Utility Commission of Texas has approved a base rate increase for Southwestern Electric Power Company (American Electric Power). Southwestern Electric Power Company serves 187,500 customers in Northeast Texas and the Texas Panhandle.