Texas legislator wants to kill Power to Choose website

Houston Chronicle, By L.M. Sixel

Updated10:31 am CST, Friday, February 8, 2019

A state-sponsored website millions of Texans use to shop for electricity could be on the chopping block.

Texas Rep. Jared Patterson, a freshman Republican who represents Denton County, wants the Public Utility Commission to drop Power to Choose, the website introduced two decades ago when Texas deregulated the electricity industry. Patterson has introduced a bill in the state legislature that would eliminate the website that compares dozens of electricity plans, arguing that the  government shouldn't be competing with private businesses.

"Government doesn't offer pricing comparison sites for groceries or car tires, and shouldn't for electricity rates either," said Patterson.

Patterson is director of energy services at Rapid Power Management, a retail electric brokerage firm based in Carrollton that buys electricity on behalf of manufacturers and commercial clients.

For more:

https://www.chron.com/business/energy/article/Texas-legislator-wants-to-kill-Power-to-Choose-13599613.php

Weekly Natural Gas Storage Report 2/7/2019

Summary

Working gas in storage was 1,960 Bcf as of Friday, February 1, 2019, according to EIA estimates. This represents a net decrease of 237 Bcf from the previous week. Stocks were 135 Bcf less than last year at this time and 415 Bcf below the five-year average of 2,375 Bcf. At 1,960 Bcf, total working gas is within the five-year historical range. 

http://ir.eia.gov/ngs/ngs.html

Weekly Natural Gas Storage Report 1/31/2019

Summary

Working gas in storage was 2,197 Bcf as of Friday, January 25, 2019, according to EIA estimates. This represents a net decrease of 173 Bcf from the previous week. Stocks were 14 Bcf less than last year at this time and 328 Bcf below the five-year average of 2,525 Bcf. At 2,197 Bcf, total working gas is within the five-year historical range. 

http://ir.eia.gov/ngs/ngs.html

Weekly Natural Gas Storage Report 1/24/2019

Summary

Working gas in storage was 2,370 Bcf as of Friday, January 18, 2019, according to EIA estimates. This represents a net decrease of 163 Bcf from the previous week. Stocks were 33 Bcf higher than last year at this time and 305 Bcf below the five-year average of 2,675 Bcf. At 2,370 Bcf, total working gas is within the five-year historical range. 

http://ir.eia.gov/ngs/ngs.html

Regulators approve power market change expected to raise costs

By Erin Douglas, Houston Chronicle, Updated 6:53 am CST, Friday, January 18, 2019

Texas regulators approved a proposal to change the way wholesale electricity markets work in Texas, a move expected to significantly boost revenues for power generators while increasing electricity prices for consumers and businesses.

The state’s power companies have long pressed regulators for relief from a competitive market that in recent years has paid low prices and hurt their profits. The companies have argued that without changes that increase prices, they won’t have incentives to invest in new power plants as electricity demand grows and potential shortages loom.

consumers and businesses.

The state’s power companies have long pressed regulators for relief from a competitive market that in recent years has paid low prices and hurt their profits. The companies have argued that without changes that increase prices, they won’t have incentives to invest in new power plants as electricity demand grows and potential shortages loom.

The Public Utility Commission of Texas on Thursday approved a change to a market mechanism known as the operating reserve demand curve, which pays higher prices to power companies by increasing the wholesale price of electricity when demand increases and reserves run low. The commission estimated that the change would increase wholesale power costs by nearly $80 million over two years, assuming that new power plants come online to boost supplies, old plants stay online for longer than they would have otherwise and people react to higher prices by cutting their consumption.

A spokesman for the commission said regulators could not estimate how much more consumers might pay.

For more:

https://www.chron.com/business/energy/article/Regulators-approve-power-market-change-expected

Weekly Natural Gas Storage Report 1/17/2019

Summary

Working gas in storage was 2,533 Bcf as of Friday, January 11, 2019, according to EIA estimates. This represents a net decrease of 81 Bcf from the previous week. Stocks were 77 Bcf less than last year at this time and 327 Bcf below the five-year average of 2,860 Bcf. At 2,533 Bcf, total working gas is within the five-year historical range. 

http://ir.eia.gov/ngs/ngs.html