From 2004 through 2019, the annual rate for electricity from Texas’s traditional utilities was 8% lower, on average, than the nationwide average rate, while the rates of retail providers averaged 13% higher than the nationwide rate, according to the Journal’s analysis.
The Texas Coalition for Affordable Power, a group that buys electricity for local government use, produced similar findings in a study of the state’s power markets and concluded that high statewide prices relative to the national average “must be attributed to the deregulated sector of Texas.”
As Kevin Drum pointed out, there will likely be no change. Deregulation in Texas is akin to religion. They’d rather pay through the nose than admit otherwise.
And, by the way, welcome Kevin back to independent blogging at his new home https://jabberwocking.com/ Good to have him back!