Claim: Lack Of Switching In Texas Results In $2 Billion In Higher Cost For Customers
Houston Chronicle columnist L.M. Sixel writes that customers who do not routinely switch retail providers in the Texas electric market end up paying higher rates, with Sixel writes that, "One analyst estimates that consumers are leaving about $2 billion a year on the table."
Although several experts are quoted in the column, the $2 billion figure is not specifically attributed to any specifically identified analyst
Sixel reports that, per ERCOT data, the number of customers who switched REPs in the past year was 16% at CenterPoint Energy Houston Electric and 13% at Oncor.