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July 8 Newscast: Amid global surge in natural gas prices, Greenville electicity provider rates remain lower than state average

Friday Morning Newscast Graphic
Lindsey Wiley
/
Texas A&M University-Commerce

Greenville Electric Utility System (GEUS) is one of 72 municipally owned electricity providers in Texas.

  • Electricity customers in Greenville pay less than most other electricity consumers across Texas, and the local provider plans to keep it that way. The city-owned Greenville Electric Utility System, known by its acronym GEUS, charges customers about $124 for a thousand kWh. That’s about $58 less than most Texas customers pay. GEUS marketing and accounts manager Jimmy Dickey told the Herald Banner that the utility supplements power from its own gas-fired generator with electricity from wind and solar farms as well as other gas-fired generators. GEUS can also sell surplus electricity from its generator to other providers on the Texas grid. GEUS is one of 72 municipally owned utilities in the state. The provider has about 12,000 customers in Greenville and about 3,000 customers elsewhere in Hunt County.
  • The Texas Tribune reports electricity bills have increased by more than 200 percent in Texas since late February. Russia’s invasion of Ukraine has disrupted global supply chains and increased market demand for gas worldwide. As a result, Texas is now exporting more natural gas abroad than it ever has before. Back in 2015, the U.S. Congress lifted a long-standing ban on exporting oil and gas from the United States.
  • Fire danger remains at a high level across parts of Northeast Texas today. The region is under an excessive heart warning scheduled to last through Sunday evening.