Solar energy contracts could impact your electric bill

How solar energy contracts could impact your electric bill.

AUSTIN (KXAN) — There is some debate at Austin’s City Hall about solar energy contracts, which could ultimately impact your electric bill.

Mike Kanin with the Austin Monitor joined us in the KXAN studio to explain.

Kanin said the debate is about committing to a certain amount of solar power, but at the same time the contracts risk paying more than market value for solar energy.

The Austin Energy Committee meeting is continuing the discussion about whether or not to lock Austin energy into 600 megawatts of solar power at the current rates.

According to Kanin opponents of the idea, including some from the Austin energy staff, suggest this is a bad idea because solar prices are likely to drop in the coming years.

At the center of the discussion is the open-ended question about whether bills would go up relative to future bills if Austin Energy locks itself into the 600 megawatts of solar power. Kanin said no one can say for sure, but he bets the answer is yes.

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