As the war between Russia and Ukraine continues, back in Texas, residents are seeing a spike in the cost of their home electricity bills this summer – reaching rates as much as 70% higher than this time last year. | via TexasStandard
, spoke with the Texas Standard to discuss why Texans are seeing these higher energy costs, which he attributes to the current price of natural gas. Listen to the interview above or read the transcript below.Texas Standard: Let’s talk a little bit about those energy prices. It’s not just prices rising at the gasoline pumps. It’s also home electricity bills this summer that are spiking. Tell us a little bit more about what Texans are seeing.
President Joe Biden has been pushing pretty hard for energy companies to pump more gasoline, and perhaps push the cost at the pumps down. What about natural gas? Is it possible that there could be more production on that front? Could we see prices drop? You mentioned in your reporting how the higher cost of natural gas is actually benefiting some Texans. Can you say more about what that means?
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