Average retail electricity prices in Texas fell for the second year in a row and significantly faster than in the nation as a whole, largely due to low natural gas costs and a deregulated market that responds more quickly to changes in fuel prices, the Energy Department reported Thursday.
The price of electricity in Texas fell six times as fast as the national average in the first six months of the years, plunging 6 percent compared to just 1 percent nationally, the Energy Department said.
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.