Power Costs Projected to Increase by $52 Billion

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The recent budget reconciliation bill is projected to increase power costs by $52 billion, significantly impacting low and middle-income consumers. Oncor has filed for a rate increase that could raise customer bills by 13%, adding to the financial burden. The anticipated rise in energy expenditures will not only affect households but also businesses, leading to higher prices for goods and services and potentially exacerbating inflation.

In Texas, distributed energy resources (DERs) have seen a notable increase, with over six gigawatts now in operation, primarily driven by solar and battery installations. The ERCOT Generation Interconnection Status Report indicates a robust growth in solar and storage projects, although future developments may slow due to new regulations. The energy landscape in Texas is evolving rapidly, with significant implications for consumers and the economy.