The Energy Alliance has released a paper indicating that the federal government, the Texas state government, and local governments across the Lone Star State collectively raised the cost of electricity in the area served by the Electric Reliability Council of Texas (ERCOT) by nearly $20 billion in 2023.

According to Energy Alliance Policy Director Bill Peacock, who authored "The Government-Imposed Cost of Electricity in Texas," government-imposed costs have added $84.3 billion to Texans' electricity bills over the last decade. This information was shared in a July 17 Energy Alliance press release.

Peacock stated in the release that electricity has become more expensive for Texans.

The release mentioned that the $19.9 billion increase accounted for nearly 43% of the total cost of electricity to Texans in ERCOT in 2023.

Peacock's paper indicated that state and local governments bear responsibility for the $84.3 billion added to electric bills.

According to the release, Peacock suggested that eliminating continuous subsidies for renewable energy instead of increasing them could provide "a reliable, affordable supply of electricity" for Texans.

The Energy Alliance is a project of the Texas Business Coalition focused on highlighting reliability, affordability, and efficiency.