It is hard to believe that Texas electricity deregulation is over ten years old and that the former price to beat model ended in December 2006. This significant change by the Texas State Legislature gave residential and commercial electricity consumer the ability to choose their electricity provider. It opened up the Texas electricity marketplace to deregulation.
Within a short period of time multiple retail energy providers took advantage of Texas electricity deregulation and the results were positive.
Benefits of Texas Electricity Deregulation:
- different products and services entered the marketplace;
- electricity providers are listening to consumer requirements;
- electricity prices decreased;
- clean energy use increased;
- improvement to the State’s electricity grid;
- Texas success is impressing many states.
We began selling electricity in 2006 and have seen the benefits of Texas electricity deregulation for our customers. There is no doubt that the level of customer service has increase since the days of electricity monopolies.Customers don’t like to remain on hold waiting for answers. Customers no longer have to endure long hold times.
Today customers demand responsive service and that is what they deserve. Deregulated Texas electricity has changed everything.
In a recent study by the Commonwealth of Pennsylvania Public Utility Commission a detailed report of the success of Texas electricity deregulation can be found. Pennsylvania was looking for a model to follow that obviously has been successful. This study points out many of the benefits that Texas has received from the deregulation of its electricity.
I think it all comes down to choice and control. In the past a Texas electricity customer could only purchase electricity from the local monopoly. Thanks to the positive changes the legislature made in the 1990’s Texans can now have multiple choices with various plans.
It is apparent that it is working because other states are watching what we are doing. I think things are only going to improve.