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 — up to 18%.