Solar, Wind Power

Texans Get Best Choices Under Power Deregulation

Texan customers stand to gain most from electricity market place deregulation, according to a survey by Wattage Monitor.

AUSTIN, Texas, US, 2001-10-26 [SolarAccess.com] The Residential Savings Index examines competitive electricity rates and estimated savings in several states, compared with competitive electric markets in New Jersey, New York, Ohio, Pennsylvania and Texas. The index analyzes trends and offers consumer tips on a national and regional basis. Retail Electric Providers in Texas are aggressively discounting service to customers in order to establish themselves in the newly competitive market, says the report. Overall, Texas has many of the ingredients necessary for a successful competitive market for retail electric service; an abundant electricity supply, an active wholesale market and electric providers offering competitive rates. “We’re pleased to see this kind of independent verification of Texas’ approach to restructuring,” says chairman Max Yzaguirre of the Public Utility Commission of Texas. “We’ve tried our best to avoid problems other states have made, and we’re confident that, over time, a competitive market for retail electric service will result in lower rates for customers and speed the development of new and innovative services.” The 1999 Texas law allows customers of investor-owned utilities to choose an electric provider based on savings, environmental attributes of power generation, service or a brand.