According to a report that was just released by the Department of Energy, Texans have, on average, been paying less for their power for the second year in a row.

As per the Houston Chronicle, during the 1st half of 2016, the average price of power across the state of Texas dropped by an amount that was six times greater than the national average. When expressed in term of percentages, this indicates that the cost of power in Texas decreased by 6 percent in comparison to the 1 percent decrease that was experienced throughout the rest of the country. While consumers in other states paid an average of 12.4 cents per kWh for their electricity, Texan consumers spent only 11 cents per kWh on average for their power.

What Factors Are Contributing To A Decrease In The Cost Of Electricity?

It is one of the key sources for the production of natural gas in the United States, and Texas is responsible for the provision of 25 percent of the nation’s natural gas. Because of this, gaining access to natural gas supplies in the state is made to be a very quick and easy process. In point of fact, more than half of the state’s electrical production is accomplished through the utilisation of natural gas.

Another factor that contributed to the decline in the cost of power in 2015 and 2016, respectively, was the price of crude oil & natural gas. Recently, natural gas has surpassed coal as the most popular choice among fuels that can be used in the creation of power. In addition, during the first portion of this year,  price of natural gas had a significant decrease of 28%. It is because of this drop in price for manufacturers that there has been a subsequent decrease in rates for consumers, and this is something that is particularly true for the state of Texas.