The Electricity Bill

Our electric bill this month is $300 dollars! Ouch! Our house is 2500 sq ft and the AC stays on 80 all the time. Our highest bill last summer was $216, I wonder if the rates have gone up during the last few weeks. I did catch part of this article last week from the WSJ:

“Texas had some of the cheapest power rates in the country when it zapped most of the state’s electric regulations six years ago, convinced that rollicking competition would drive prices even lower.

This summer, electricity there is some of the nation’s priciest.

Power costs are rising in the rest of the U.S., but everything is bigger in Texas: On a hot day in May, wholesale prices rose briefly to more than $4 a kilowatt hour — about 40 times the national average”

I hope they go back and regulate! We will survive but I feel really bad for people making less money and those with children. It is bad enough that gas is 4 dollars and groceries have gone up. I’m hoping the August bill will be lower, we are going to up the thermostat to 82 and make more use of our ceiling fans.

This will probably impact the debt payments for July. Discover will probably have to be paid off in August; hopefully the balance will only be around $250.

Anyone else shocked with their electricity bills?