Recent Dallas Business Journal piece notes benefits of the competitive market

The Dallas Business Journal published a piece last Friday titled “How far Texas’ electric deregulation has come,” (full article requires subscription) which included several points highlighting the benefits of the competitive market.

“As the market develops with technology, (customers) are going to have more and more choices of products, and all at a price that is lower than the price of the last regulated rate, said [John Fainter, President and CEO of AECT].”

“[M]ost business and residential customers have switched to electricity providers other than the formerly regulated utility companies, according to the Electric Reliability Council of Texas.”

“Today, the lowest one-year locked-in rate available to Dallas customers is 8.2 cents per kilowatt hour, and the average of all residential customers in the North Texas region is 9.5 cents.”

To supplement the article, see below for a chart showing how prices have changed compared with 2001, just before the market opened.

Sources and Notes

Public Utility Commission of Texas (PUC), 2003 PUC Scope of Competition (PDF)

Bureau of Labor Statistics – inflation from 2001 to 2011 is 27.85%

To determine average offers available in the market, visit Power to Choose and choose “Go Directly to Offers”. Then “Search By TDU Service Companies” and choose “ONCOR” to see what’s available in Dallas. Then download the offers for viewing with Excel and filter and sort to determine the average 12-month fixed price offer for 1000 kWh/month usage, as well as the lowest offers cited.

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