TEBA Affiliate Members in Texas

NEWS

The impact of future deployments of renewable energy on local wholesale electricity prices and bills in ERCOT

In total, we estimate that not allowing renewables past 2025 would result in about $115 billion higher wholesale market costs in ERCOT between 2025 and 2040. Across all regions, we estimate that renewables would reduce energy costs by about 12% for commercial customers. For a relatively small business that uses 5,000 kilowatt-hours of electricity every month, that’s a savings of more than $625 every year from 2025-2040. For a larger manufacturer using 100,000 kilowatt-hours of electricity each month, renewables result in an average savings of about $12,450 per year between 2025 and 2040. Download PDF

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02/11/2025

PRESS RELEASE: Renewables and Storage Will Save Texans $115 Billion Over the Next 15 Years 

Austin, Texas (February 10, 2025) — A Texas Energy Buyers Alliance (TEBA) report released today shows that if the Texas Legislature passes laws that slow or stop renewable energy and storage development, electricity costs will go up significantly and it would leave the grid less reliable. The study finds that blocking future renewable energy and storage projects will cost Texans about $115 billion in higher wholesale prices over the next 15 years for both residential and commercial consumers in the Electric Reliability Council of Texas (ERCOT) market The study, conducted by IdeaSmiths LLC, found that renewable energy resources reduce electricity costs by 12% for the average Texas business. In some regions, especially across West Texas, savings are even higher —

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02/11/2025