Turns out Texans don’t save money under our deregulated electricity market
Our deregulated electricity market promised reliability and lower electricity prices than our neighbors. Turns out, it provided neither.
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Overall, the deregulated market has cost Texans $28 billion more than traditional utilities since 2004, McGinty and Patterson report.
When Texas moved from full-service regulated utilities nearly 20 years ago, proponents of deregulation said that competition between retail energy providers would drive monthly rates down because residents could shop around for the best deals. Instead, Texans ended up paying a lot more.
Texas’ deregulated electricity