Aug. 3 — It’s a misfortune unlikely to happen outside Texas, where the power market is completely deregulated and dozens of retail electricity providers compete for customers. Unlike in other states, Texas retail electricity prices aren’t set by regulators, leaving many customers exposed to the ebbs and flows of wholesale markets. Now the grid operator and a power trader are battling over who should pay for the error that inflated bills for Kern and other customers.

— Bloomberg