The Texas Coalition for Affordable Power released a new report which shows that a growing number of deals under deregulation include prices that meet or beat prices commonly found outside deregulation.

However, TCAP claimed that, "But despite those positive trends for Texans living under retail electric deregulation, the new analysis also reveals that electric prices in deregulated areas have remained historically higher, on average, than prices outside deregulation. All told, the 'lost savings' for Texans in deregulated areas exceeded $23 billion from 2002 to 2013"

TCAP also said that, "For the first-time ever, residential electricity prices in areas of Texas with deregulated retail electric service have remained below the national average for two consecutive years."

“Texans living in deregulated areas have paid too much for electricity — and the lost savings has been substantial,” said Jay Doegey, executive director for the Texas Coalition for Affordable Power. “But the deregulated market is improving, and the good news is that if you shop carefully, you can find good deals. These relatively low-cost deals are more common than they were in previous years.”

TCAP said that, "The new TCAP analysis reveals that average residential electricity prices in deregulated areas remained higher than average prices outside deregulation for every year from 2002 through 2013. That specific benchmark analysis comparing average prices inside and outside deregulated areas does not extend to 2014 and 2015 because the necessary data for those years has not yet been released by the federal government. However, the Snapshot Report also includes more recent Texas Public Utility Commission data that reveals the existence of numerous competitive deals in deregulated areas that meet or beat prices common in deregulation-exempt areas."

See TCAP's report for more

Tags:
Texas   TCAP   Deregulation   Texas Coalition for Affordable Power  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
TPV-SALES-EXECUTIVE -- Back Office Provider -- Other
Sr-Market-Risk-Analyst -- Wholesale Supplier/Trader -- New York - New York City Metro
Head-of-Retail-Operations -- Wholesale Supplier/Trader -- Other
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
Company Seeks Texas PUC Approval For 'HVDC' Converter Facilities Connecting ERCOT With WECC Grid
ENGIE Files Complaint Against ERCOT '
Energy Shopping Site Names 2021 'Best Texas Electricity Providers'
Texas Retail Provider Named 'Best Electricity Company In Houston'
Gov.'s Administration Favors Bill Banning New Residential Enrollments With Retail Energy Suppliers