Why Is My Electricity Bill Going Up?

If your electricity bill has been higher than you expected, you're not imagining it. Texas electricity costs have been rising, and the reasons have nothing to do with your usage habits.

Here's what's actually happening.

Texas is powering the AI boom

Massive data centers -- the buildings that run artificial intelligence, cloud computing, and streaming services -- are being built across Texas faster than anywhere else in the country. Each one uses as much electricity as a small city. The federal government's energy data agency has warned that this surge in demand could push Texas electricity costs up significantly over the next few years.

Texas's electric grid wasn't built to absorb this much new demand this fast. When demand grows faster than new power plants can be built, prices go up.

Natural gas is getting more expensive to keep here

Most of Texas's electricity comes from natural gas. The same natural gas is now being shipped overseas to Europe and Asia in record quantities, because those markets are paying a premium for it. Less gas available domestically means higher prices for everyone in Texas who uses electricity powered by it.

What this means for you as a PowerCord customer

When you enrolled through PowerCord, you signed an electricity contract tied to your lease term. That contract reflects the rates at the time you enrolled -- not the rates of whatever the market does after that.

When your lease ends, those contract terms don't have to end with it. Whether you renew at your current address or move to a new one, your PowerCord electricity service can transfer with you. You keep your existing contract terms. No new enrollment process, no rate reset.

With Texas electricity costs expected to continue rising, the contract you already have is worth holding onto.

Questions?

If you have questions about your electricity service or contract, you can reach our support team at any time through the chat button on this page, or call APG&E directly at 866-381-8214.

PowerCord Energy is a licensed Texas electricity broker (PUCT Broker Registration BR240257). PowerCord does not set electricity rates and does not guarantee any specific rate outcome. Electricity prices in Texas's deregulated market fluctuate based on market conditions.