From an article in the Austin Statesman today:
The Texas power grid barely has enough electricity to meet demand this summer, and an unexpected drop in generation or spike in demand could lead to rolling blackouts, the president of the Electric Reliability Council of Texas testified Tuesday.
For those of you following this blog, this announcement comes as no great shock. The much debated regulatory changes just recently approved (raising the price cap of wholesale electricity) were developed in response to this very concern. The state of Texas doesn’t currently have enough power generation to meet residential and commercial electricity demand in coming years. While officials at ERCOT (the Electric Reliability Council of Texas) and the PUC (Public Utility Commission) have previously indicated that the real danger of rolling blackouts will hit in the summers of 2013 and 2014, it’s worth noting that unexpected spikes in demand could make rolling blackouts a reality this summer.
The commercial electricity market operates by maintaining a delicate balance. Power is produced and power is used. At any given point in time, the amount of electricity being produced must match the amount being used. When the demand for business electricity spikes due to weather (such as a heat wave like we experienced last summer, or a hurricane), the amount of energy being generated must also spike.
The current concern is that we simply don’t have enough operational power plants to handle a spike, which could leave some commercial electricity customers in a lurch. After all, it’s hard to run a business with no power.
Now more than ever, it is imperative that savvy business owners use every tool at their disposal to develop a well-rounded, long-term business electricity strategy, and that is where Live Energy and our team of proven experts and consultants comes into the picture.
The energy market in Texas is in a constant state of flux, even when new regulations aren’t changing the landscape of the market and there isn’t a threat of rolling blackouts. In the best of times, managing your business electricity plan is a complex thing. Right now, leading into the hottest months of the year, a solid strategy can save you a significant amount of money, boosting your company’s bottom line and protecting you against the volatility of the market.
Our passion at Live Energy is partnering with organizations just like yours to help develop business electricity strategies that make sense. We can analyze your business’s needs, determining the type of contract, term and rate that will help to lower your costs and give you a sense of security, even as the market changes. We can put real-time information at your fingertips, keeping you in the know as new regulations and market-impacting events unfold. And we can do that without all the industry jargon and legalese that so often makes contract selection and comparison a headache.
In short, we can save you time and money.
To find out more about how the team at Live Energy can put their experience and expertise to work for you, please contact us at (817) 810-7770. Now more than ever, you need a business electricity strategy, and we can help you develop one that works.