Backers of competition in the electricity-supply business promised it would lower prices for consumers who could shop around for the best deals, just as they do for cellphone service.
Four board leaders of Texas’ embattled power grid operator said Tuesday they will resign following outrage over more than 4 million customers losing power during a deadly winter freeze last week.
After the Texas deep freeze exposed vulnerabilities to the state’s power grid, demand for heat-providing electricity and gas has bulked up sales for generators.
FOX Business’ Grady Trimble talks with an executive from one of the few companies that manufactures solar panels in the U.S. about competing with China.
Lipow Oil Associates President Andy Lipow said he expects it will take about two weeks to restore “the majority of normal operations” in Texas following the deep freeze and the related power outages.
As the state reels under one of the worst electricity outages in U.S. history, Texas Gov. Greg Abbott and members of the legislature will calculate the total cost of these bills and "find ways that the state can help reduce this burden."
Natural gas spot prices spiked as high as 100 times typical levels, forcing utilities and other natural gas users to incur exorbitant costs
The comments came just after the business magnate criticized the Electricity Reliability Council of Texas(ERCOT) for a statewide blackout that left millions seeking warmth amid bitterly cold temperatures.
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Texas’ power grid is running at normal operations, the Electric Reliability Council of Texas said on a conference call Friday morning.
Both benchmark contracts rallied to 13-month highs on Thursday driven by the historic freeze in U.S. southern states
A deadly winter storm continues to leave nearly half a million Texans in the dark, including farmers who are heavily affected by the frigid weather.
Duke Energy Corporation predicted Wednesday that conditions from the latest winter storm could result in nearly one million power outages, with some lasting over a span of days.
The Federal Aviation Administration also issued a notice for the entire mid-Atlantic region.
Texas power problems are an epic failure of green energy.
State utilities will likely hike bills after this year, both to pay for the record price spikes and to fund updates to Texas's grid
Frigid temperatures knocked out electricity across Texas and resulted in one of the largest U.S. oil production disruptions ever.
Bitter cold and power outages have created a crisis for some Texan farms and ranches, leaving livestock dead from exposure and raising fears that herds could run short of food and water.
Former Shell Oil President John Hofmeister, who lives in Houston, said on Wednesday that he has been without power for two days following the “brutal” winter storm in Texas.
Republican Texas Rep. Dan Crenshaw on Wednesday explained why it couldn't handle this week's winter storm in the state.