{"id":3439,"date":"2016-11-30T14:59:28","date_gmt":"2016-11-30T20:59:28","guid":{"rendered":"http:\/\/www.texaselectricityratings.com\/blog\/?p=3439"},"modified":"2016-11-30T14:59:28","modified_gmt":"2016-11-30T20:59:28","slug":"winters-coming-spring-electricity-prices-up","status":"publish","type":"post","link":"https:\/\/www.texaselectricityratings.com\/blog\/winters-coming-spring-electricity-prices-up\/","title":{"rendered":"Winter\u2019s Coming. Will Spring Electricity Prices Go Up?"},"content":{"rendered":"
\"Winter

Winter IS coming…
But will you be ready for spring?<\/p><\/div>\n

Winter arrives on December 21. In Texas, winter will probably be over by noon.<\/p>\n

NOAA is forecasting that with the emergence of the weak La Ni\u00f1a<\/a> this month, there\u2019s likely to a better chance for \u201cabove-normal temperatures for much of the southern U.S.<\/a>\u201d from December, 2016 through February, 2017.<\/p>\n

ERCOT was more specific in its updated winter weather forecast<\/a>, saying\u00a0 \u201caverage near-normal to above-normal across the ERCOT region over the three-month winter period.\u201d The warmest part of the state being in west Texas, the coolest in the east.<\/p>\n

Not surprisingly, ERCOT\u2019s winter demand forecast<\/a>\u00a0 doesn\u2019t anticipate a winter peak of more than 58,000 megawatts (MW). That\u2019s higher than the record caused by the Great Freeze Out of Feb. 10, 2011<\/a>, the reasoning is that it\u2019s best to be prepared for a few extra cold days, just in case.<\/p>\n

But NOAA also warns \u201ca slight tendency toward below-normal temperatures is forecast over parts of the upper midwest and northern plains\u201d where the majority of homes use natural gas for heating. While current natural gas stocks in storage are at record levels, weeks of snowy days and frigid nights in the heartland are expected to burn through a good chunk of surplus supply by the April thaw. The US Energy Information Administration\u2019s current (November 8) Short-Term Energy Outlook<\/a>\u00a0 forecasts a decline in natural gas output and a 21% increase in consumption this winter due to a somewhat colder winter and a subsequent commodity price increase through 2017<\/a>.<\/p>\n

The question is how will all that effect Texas electricity rates<\/a>?<\/p>\n

Depending on the how cold and how long winter is, EIA predicts West South Central states could see residential electricity rates increase by 6% this coming year.<\/a>\u00a0 For the average Houston electric bill of $150\/month, that can add on $9 extra per month \u2014 or $108\/year.<\/p>\n

Winter is coming. It\u2019s a good time to shop for a new fixed rate plan and lock in today rates for the future.<\/p>\n","protected":false},"excerpt":{"rendered":"

Winter arrives on December 21. In Texas, winter will probably be over by noon. NOAA is forecasting that with the emergence of the weak La Ni\u00f1a this month, there\u2019s likely to a better chance for \u201cabove-normal temperatures for much of the southern U.S.\u201d from December, 2016 through February, 2017. ERCOT was more specific in its Read More<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"_mbp_gutenberg_autopost":false},"categories":[1],"tags":[],"yoast_head":"\nWinter\u2019s Coming. 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