TEXAS UTILITY BILLS SKYROCKET HOW TO

If you want to control inflation, one of the things you have to control is energy costs.” The Executive Director of the Utility Reform Network, Mark Toney, said plainly:

TEXAS UTILITY BILLS SKYROCKET HOW TO

But perhaps they were too busy figuring out how to forgive student loans, a tax the same families who are hurting from the utility bills will carry no doubt. Wasn’t it bad enough earlier this year when families had to make hard choices to find the baby formula, then struggle to get to work with rising gas prices, but now they have to choose between air conditioning and groceries possibly? Is anyone doing anything about this crisis?Ĭongress did ask for more emergency funding on top of the $4 billion already allocated for federal assistance programs geared towards helping those with overdue utility bills.

“Energy burdens fall disproportionately on people with low incomes and so, when you see an increase of that magnitude, it hits hardest on those who can’t afford that kind of increase and people are going to have to make some very difficult budget choices.” New Hampshire consumer advocate Don Kreis puts it perfectly: Like most things related to inflation, the people who feel this pain the most are those in the lower income brackets. RELATED: Credit Card Debt Surging As Wages Can’t Keep Up With Inflation And Biden Considers Student Loan Forgiveness Affordability Emergency With power companies spending more on new transmission lines, batteries, wind turbines, and solar farms, customers can expect to see their electric bills continue to rise. Last year’s winter storm in Texas brought many power companies across the country to the realization that the electric grids need to be hardened, which, you guessed it, costs money. Instead, costs are anticipated to continue to rise over the next few years.ġ out of 6 households are behind on their utility bills, yet we’re canceling $10,000 of student loan debt for those making $125,000 a year or less? Does anything make sense any longer? The war in Ukraine doesn’t appear to be ending anytime soon if you thought the prices would go down once the war ended, you’re probably wrong.

“We’ve seen Texas gas go over to Europe, which has then created a supply issue locally in the state of Texas.” As the Chief Financial Officer for CPS Energy in San Antonio, Cory Kuchinsky said: The price of natural gas has skyrocketed by 200% since the Russian invasion of Ukraine.Īdding insult to injury we’ve had to export quite a bit of our natural gas to help out Europe, which has also suffered from stratospheric electric bills. First, the price of power is directly linked to the cost of natural gas. There are a few culprits to the rising cost of power. Under the Inflation Reduction Act, households can save up to 30% with tax credits for home construction projects on windows, insulation, and other weatherization measures that prevent energy from escaping homes – which can lower future utility bills by at least $350 per year. 80% of customers who have their power shut off will have it back online within a few days, thanks to nonprofit assistance and payment plans.

Texas utility bills skyrocket