Residents in Houston and Dallas can choose among a growing number of competitive electricity deals with prices that meet or beat prices in deregulation-exempt areas of the state, according to our new report.
What remains unclear, however, is whether the surge of low-cost individual deals in competitive areas of Texas signals a reversal of a long-term trend of higher average prices there. From 2002 through 2014 the imputed “lost savings” from higher average electric prices in areas with retail electric competition exceeds $24 billion. These good news-bad news findings are included in our new Snapshot Report on Electricity Prices.
“Folks living in areas of Texas with electric deregulation have paid more for electricity, on average, than Texans living without deregulation — that’s just a historical fact,” said Jay Doegey, executive director for TCAP. “But it’s also true that the deregulated market is maturing. The good news for folks living in deregulated areas is that if they shop carefully, they can find plenty of individual deals with good prices.”
Download the report to continue reading our analysis.