![]() ![]() Meet congressional leaders, visit national monuments and historic sites, tour Smithsonian Institution museums, enjoy a boat cruise on the Potomac River, and rally with more than 1,900 fellow students for a day of stirring leadership speakers-all without having to spend a dime of your own money. Imagine it: You meet up in Austin with more than 150 other juniors and seniors from across Texas and then fly to Washington, D.C., for a fun-filled week of adventure and inspiration. We encourage members needing financial assistance to visit our website at /financial-assistance-notice for a list of local, community-based organizations that help individuals facing financial difficulty with their electric bills.High school juniors and seniors- Don’t miss your chance to win an all-expenses-paid trip to Washington, D.C., and a $1,000 scholarship to a university, college, trade or technical school, sponsored by MidSouth Electric Co-op. You may find other energy-saving tips and information on our website at /residentialservices/energy-management. Simple changes like raising your thermostat temperature setting to a comfortable level, using fans to circulate air, closing blinds, and unplugging electronics when not in use help conserve electricity. What can I do to help lower my electricity bill?Ĭhanging your habits is the easiest way to lower your electric usage. Members can also take advantage of an online or in-person home energy audit. The rewards list can be located on our website at /midsouthrewards. MidSouth offers several rewards to its members, including rebates for home improvements to enhance energy efficiency. How is MidSouth helping members during this time? Because the charge fluctuates, as we continue to see changes in the power market, we will also see adjustments to the WPCA. The current Wholesale Power Cost Adjustment charge is not permanent. MidSouth received its power for the most recent billing cycle and could no longer absorb the increased WPCA charges for the membership. In June, as the price of natural gas continued to rise, MidSouth determined it could not afford to absorb these costs any longer. Over the past several months, out of concern for our members, MidSouth absorbed increased fuel charges, based on market projections indicating natural gas prices would fall before the start of summer. Why did it feel like this happened overnight? Even with the current increase of the WPCA, Texas’ electric rates are still comparable to the national average. No, electric utilities across the state of Texas are experiencing this rate increase. Is MidSouth the only electric utility that is being affected? While unable to harvest more natural gas, the shortage drives the price higher. Due to Federal Regulations, drilling for natural gas has slowed down.This contributes to the decreased supply while in high demand. As the largest natural gas-producing state in the U.S., Texas has been exporting natural gas to other countries at a higher price than what it would sell for here. European countries are currently banning the importation of natural gas from Russia, due to its invasion of Ukraine.However, the hope is it will be more stable for all of us in the future. Holding onto this extra power has a cost associated with it. ERCOT now holds more electricity in reserve to aid during times of disaster. The Texas Power Market began operating much more conservatively after the electricity shortage during Winter Storm Uri.There are several factors currently influencing natural gas prices and the WPCA: Why is the cost of natural gas so high and is that the only reason the WPCA went up? Recently, natural gas prices in the state of Texas and across the nation increased. The WPCA fluctuates as the price of natural gas changes. The PUCT is the regulating authority and ERCOT ensures there is enough power being generated to meet the demand of Texan consumers. The Texas Public Utility Commission (PUCT) and the Electric Reliability Council of Texas (ERCOT) collectively manage the state’s power market. The Wholesale Power Cost Adjustment, identified as a monthly line item on your MidSouth bill, reflects the cost of fuel needed to produce electricity in Texas. ![]() For more information on how to read your electric bill, please visit. This article was originally posted on July 13, 2022. ![]()
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