Opinion: Why are electricity prices so high in Texas?

April 23, 2025

Energy production in Texas has soared since the shale boom began in 2010. The Lone Star State has added the equivalent of Kuwait and the United Arab Emirates to world oil supply and produces so much natural gas that wellhead prices are often negative. Yet Texas is facing a crunch in its electricity supply because of a massive build-out of heavily subsidized wind and solar energy.

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