ABACCUS report identifies Texas as the competitive retail market leader for the fifth consecutive year.

Annual Baseline Assessment of Choice in Canada and the United States (ABACCUS) Report Highlights Market Growth and Increasing Consumer Benefits from Restructured Retail Electricity Markets

From the release:

States that have opened their electricity markets to retail competition have seen a surge in consumer‐driven product and service innovation compared with states where electricity remains a commodity delivered by monopoly providers, according to the Annual Baseline Assessment of Choice in Canada and the United States (ABACCUS) released today by Distributed Energy Financial Group LLC (DEFG).

According to the 2011 ABACCUS report, commercial and industrial customer choice is thriving and growing in many U.S. states and Canadian provinces because well‐structured retail electric markets foster the introduction of new products and services that are not available in traditional monopoly areas. The report’s scorecard helps policymakers across the U.S. understand how their decisions have helped or hindered the development of competitive retail electricity markets.

“Competition has prompted retail electric suppliers to deliver a growing portfolio of innovative energy management solutions to consumers, and consumers are responding. The overall result is greater control of costs coupled with reduced pressure on regional electricity grids,” said Nat Treadway, DEFG managing partner and lead author of the report. “The results of our 2011 research clearly show that well‐structured, competitive retail electricity markets are delivering new and better services at lower cost than ever before. We are seeing new companies, new investments in local economies, and the development of a new energy services marketplace.”

The ABACCUS report identifies Texas as the competitive retail market leader for the fifth consecutive year.

Click here to read the full release.

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