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Houston area electric bills registered a 25% increase last month compared to March of 2013. Patrick Jankowski is vice president of research for the Greater Houston Partnership.
“A lot of the electricity in Texas is generated with natural gas. Depending on your utility, it could be as much as half your electricity generated with gas. If you look at what utilities are paying for natural gas, they were actually paying 35% more for natural gas than they were paying a year ago, and the utilities are going to pass that on to the consumer, and that’s one of the reasons you’re seeing higher electric bills.”
A 7% drop in motor fuel prices partly offset the effect of higher cost of electricity. Overall, Houston households saw their energy expenditures increase by 20% over the twelve-month period.
