It may come as a surprise that what you pay for power is a culmination of many factors. A lot goes into flipping on that switch: electricity must be generated and delivered through equipment that operates on fuel and requires building and maintenance costs. When the prices of these things increase or decrease, so does your electricity bill.  As a matter of fact, prices change every minute, but customers are charged based on seasonal demand. There are so many factors, some large, some small, that go into determining the price of electricity in the United States: Cost of Fuels: Electricity has to be generated and delivered, and these processes take energy supplied by fuels. As you probably know, fuel prices vary, which in turn affects the cost of electricity. Power Plant Costs: Like anything else, power plants need to be built and maintained. That, plus the operating costs, have an impact on electricity prices. Transmission and Distribution System Costs: Like the point above, distribution and delivery systems also need to be built, maintained, and repaired when necessary. Weather: Inclement weather can work for or against you when it comes to electricity costs. Rain and snow can assist in cheaper hydropower generation, while wind keeps turbines spinning. However, extreme weather that increases the demand for electricity can ultimately make it more expensive. Regulations: Regulations vary per state, with some service/utility...
Last Thursday, the Center for Strategic & International Studies (CSIS) held a live conference as part of their CSIS Energy and National Security Program. The presentation, hosted by CSIS Senior Vice President and Trustee Fellow, Frank Verrastro, called upon Ian Meed, Assistant Administrator of the U.S. Energy Information Administration’s (EIA) Office of Energy Analysis to present the United States Energy Administration’s (EIA) International Energy Outlook 2017. The presentation focused primarily on the long-term, international energy projections on a variety of topics including: Electricity generation by energy type Region defined primary energy sources Carbon dioxide emissions Fuel supplies Natural gas markets...
Fort Worth has, for the most part, followed in the footsteps of the state. In 2013, the American Council for Energy Efficiency ranked Fort Worth 26th in the list of America's most energy-efficient cities. The use of green energy in Fort Worth will continue to rise as the city's new Sustainability Task Force aims to make the city's development and growth more sustainable.
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