How much would electricity bills go up if the federal government approves a major climate bill in the House? Texas has an answer, and it ranges from around $17 to $27 a month.
The study — carried out by the Electric Reliability Council of Texas, the grid operator, at the request of state regulators — looked at the potential impact in the state of the emissions-reductions required in the Waxman-Markey climate bill in the House.
Under a “business as usual” scenario — with natural gas prices hovering around $7 per million BTUs (roughly where the Energy Information Administation projects them to be in 2013) — the average household bill could increase by $27 in 2013, the study found.
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