The average customer who uses 1,200 kilowatt-hours of electricity in September will see an approximate 8.4% increase, or $12 increase, to their electricity bill, according to NBU.
Diving in deeper
Due to extreme record-setting heat conditions experienced in Texas since June, ERCOT has reported increased electricity use and all-time-high demand.
According to NBU, the extreme heat exacerbated with the ERCOT market redesign and more conservative grid operations results in more expensive power. Texas officials made the decision to prioritize electric reliability over affordability, and that is what is driving up the cost of power.
In September, NBU shifted to monthly power cost forecasting rather than quarterly forecasting due to volatility in the ERCOT market. Updates can be found at http://nbutexas.com/rate-breakdown.
Items worth mentioning
Conservation methods to lower use and utility bills can be found at https://nbutexas.com/energy-efficiency-resources. A utility bill calculator is available at https://nbutexas.com/bill-calculator. Additionally, definitions for each line item of an NBU bill can be found at www.nbutexas.com/rate-breakdown.
