Star-Telegram: More proof that electric competition is working

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

“These days, Texas doesn’t need much outside confirmation that its experiment in deregulation is working. If your electric bill is like mine, there hasn’t been any sticker shock yet, despite an early heat wave.

“Active shoppers in the state’s competitive regions can easily pay 25 percent less than the average, and the actual savings are even greater.”

In addition, Schnurman noted:

“On the state’s Power to Choose website…70 offers were available for North Texas at less than 9 cents per kilowatt-hour, and half of them locked in the low rate for a year.”

“[In addition to natural gas prices], the state’s success also depends on competition among retailers and generators, and the the design of the state’s deregulation scheme. That’s spurred more wind generation.”

“Since 1999, hundreds of power plants have been built in the deregulated electric market, adding 45,000 megawatts of generation to the [ERCOT] grid.”

Read the full article here.

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