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Texas Utility companies offer best prices in the industry

By Jordan Adam Subscribe to RSS | March 28th 2012 | Views:
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The fundamental reason for Texas Utility companies to maintain low prices whether for Business Electricity or residential purposes is because of the Electric Choice available to all its consumers?

When consumers exercise their right to choose the utility company that supplies them electricity such as Texas Electric or any other Texas Electricity Company, they also have a choice regarding the type of electricity they want to use. These choices will in reality define the Electric Rates, at which you can buy Texas electricity.

The Electricity Rates that each of these Texas Electricity Company will charge you will depend amongst other features depend on the type of energy you are willing to buy. There are several types of electricity that are produced currently in the country. This will include conventional as well as non-conventional energy resources. Depending on the type of raw material used for producing the electricity, the government appointed regulated agencies provide a price ceiling for utilities to create their own Electric Rates. Thereby given the intense competition amongst utilities, you are not only assured of the best prices by the Texas Electricity Company but are offered quality, consistent electricity supply through the year.

However, over the past few years there is a significant development in the types of resources being used to generate electricity. While there was a lot of hype on US nuclear industry being the next big thing for electricity generation, a couple of years ago, with most power generating companies proposing close to 29 reactors, today only two such projects are in operation.

Speaking to WSJ, the chief executive of NRG Energy Inc.,NRG +0.91% Princeton, N.J. based power-producer Dave Crane, commented that, “It's killed off new coal and now it's killing off new nuclear. Gas has come along at just the right time to upset everything."

Natural gas is now being used by close to 260 plants built from 2011 and likely to be completed by 2015. The reason for the quick rise of natural gas-based producers is attributed to the quick turn over of projects and their lesser overheads in comparison to nuclear energy production: rough figures state that for a large natural gas-production facility would cost about $978 every kilowatt, whereas a nuclear generation plant would cost$5,339.

Industry experts admit that the failure of nuclear energy generation was not related to the industry. It was due to the availability of lesser capital-intensive and cheaper electricity production and selling opportunities that Shale-gas offered US electricity producers. Besides, the shale-gas electricity generation, in addition to cheaper Electricity Rates was a safer, less-riskier option than risky option that nuclear energy offered.

Therefore, if you are a business facility looking for Business Electricity or residential consumer exercise your Electric Choice to choose electricity types that offer you clean, powerful energy but at competitive Electric Rates.

About Shop Cheap Energy- Shop Cheap Energy helps consumers compare and shop electricity and gas plans online. To learn more please visit us at www.ShopCheapEnergy.com and find cheap electricity and gas rates from several electricity and gas providers.

Jordan Adam - About Author:
Compare electricity and gas rates for your home and business. Find cheap electricity and gas rates from several electricity and gas providers. For more information visit at Electric Rates & Texas Electricity

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