Texas Renewable Energy Costs

According to caller.com (Corpus Christi) ‘The conservative Texas Public Policy Foundation’  said that “the renewable energy credits trading program will cost Texas consumers about $70 million this year.”  If we ask how much it costs the average homeowner, we get a very different perspective. About half of the electricity costs in Texas are borne by residential customers (EIA Electric Power Monthly), lowering the $70 million to $35 million. Texas has about ten million households (U.S. Census, Quick Facts), which lowers the cost to $3.50 per year per household or about 30 cents per month. Considering the high cost of residential electric bills, this is a small fraction of the utilities’ cost of doing business