We are pleased to announce the Ten Things You Should Know About Texas Energy. Each week for the remainder of the 83rd Legislative Session, we will send you a different fact about Texas Energy. As the session progresses, be on the look out for more updates and the rest of the facts! TEN THINGS YOU SHOULD KNOW ABOUT TEXAS ENERGY
5. Our Balanced Energy Portfolio Keeps Costs Down and Reliability Up
Much of Texas' economic success is ensured by the reliability and affordability of electricity. Texas already relies on many of its domestic resources to make up its diverse portfolio of electricity sources. Last year, 44.5% of Texas' generation in the ERCOT region was from natural gas, 34% from coal, 12% from nuclear, and 9% from wind. Energy diversity ensures that market forces work to keep energy costs down through competition and by helping to weather the price swings of volatile energy and fuel markets. This "all of the above" energy approach keeps Texas' electricity affordable and reliable, allowing for continued population and economic growth.
Did you miss last week's Top 10 point? Click here to see it: No. 4 Texas Has No Megawatts to Spare
Balanced Energy for Texas is a statewide coalition of energy consumers, producers, and providers committed to supporting policies that preserve and promote our state's leading role in energy and economic development.
We believe that energy is the backbone of Texas' economy and that economic prosperity is contingent upon the adoption of sensible policies that maximize the use of our state's abundant, diverse and affordable energy portfolio, specifically oil, natural gas and coal. This balanced portfolio, based on free market principles and a sound regulatory framework, is critical to Texas' continued profitability, competitiveness and economic success.
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Learn more about our efforts: www.balancedenergyfortexas.org