Star-Telegram: "Electricity deregulation paying off for Texans"

In a column yesterday, Mitchell Schnurman of the Fort Worth Star-Telegram wrote:

“It has been a decade since Texas deregulated residential electricity, so how about checking the scoreboard?

“Consumers are finally winning big time. In competitive markets they have plenty of power and plenty of options, at prices far lower than when dereg began.”

In addition, Schnurman noted:

  • “In North Texas, it’s easy to find electricity for 25 percent less than the national average, a welcome reversal after lagging the U.S. norm for years. Many rates are now lower than regulated municipal plans and cooperatives in the state.”
  • “Average electric rates, which rose in the years after dereg was launched, have fallen by roughly 28 percent since their peak in 2008, according to industry data.”
  • “In general, reliability has been strong since deregulation. Attribute that to 45,000 megawatts of new generation added since 1999, which is more than two-thirds of the peak demand last August.”
  • “This week, on the state’s Power to Choose website — — more than 75 one-year, fixed-rate plans are listed. Only one is higher than the EIA’s reported state average. In fact, 57 offers were less than 10 cents a kilowatt hour.”

Read the full article here.

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