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Electricity Market

All articles tagged with #electricity market

energy1 year ago

"Texas Tech's Power Move: Lubbock's Energy Market Deadline Looms"

After years of desiring a more competitive electricity market, residents of Lubbock, Texas, are finally getting their wish as the city's electric market opens up. With over 30 companies to choose from, residents are finding the process overwhelming, and concerns linger about finding a new low rate. Despite the challenges, the switch to the state's open marketplace represents a significant milestone for the city, which has invested millions in the move. As the deadline approaches, residents are diligently researching their options to find the best deals and perks, with about 45% having already chosen their provider.

energy2 years ago

"Generating Extra Cash: Selling Electricity to Neighbors as a Side Hustle"

The rise of solar panels and battery storage is challenging the traditional utility-to-consumer power model, allowing homeowners to generate, store, and sell excess solar power to their neighbors. This shift towards small-scale energy generation and storage facilities has the potential to provide income for homeowners, lower costs for consumers, improve grid reliability, and reduce volatile energy prices. Homeowners can sell excess supply back to their utility, participate in peer-to-peer energy trading, or use algorithmic trading programs to maximize profits. The growth of distributed energy resources and virtual power plants could generate significant power and cost savings, making the electrical transition more cost-effective and secure.