A newly released study reveals that Texas is the top state in the U.S. in competitive electricity. And that competition has benefited consumers. Consumers win when they are given choices in the marketplace. The study confirms the benefits of consumer choice.
Electricity competition has given Texans the freedom of choice in providers, services and pricing of electricity among numerous power producers and retailers.
While much of the electricity in Texas is generated by natural gas, and those prices have been volatile, Texans have been insulated from some of the price surges other states have seen, largely due to the competitive marketplace.
Some of the recent criticism of competitive markets (by folks like the liberal AARP) is also addressed in the report. Critics claim that "rates are increasing in competitive markets" when rate fluctuations are really the result of fuel price increases that can be exacerbated by regulatory or legislative decisions to artificially depress prices below market costs.
We also need to open the municipal electricity and co-ops to competition. These are currently monopolies and residents served by munis and co-ops are held captive to those providers and have no electricity provider options.
The study can be accessed at: http://www.defgllc.com/news/news.asp?show=VIEW&a=66
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