Texas Coalition for Affordable Power: Although Consistently More Expensive, Residential Electricity Showing Promising Price Declines in Deregulated Market
July 11, 2017 08:00 AM Eastern Daylight Time
Businesswire.com
AUSTIN, Texas--(BUSINESS WIRE)--Average residential electricity prices in areas of Texas with retail electric competition have declined during a recent 10-year period, while simultaneously increasing in areas exempt from electric competition, according to a new reportfrom the Texas Coalition for Affordable Power.
Moreover, the average price of electricity for residential customers in areas with retail electric competition dipped below the national average during 2015. This marked the third such occasion in four years that average residential electricity prices in those areas fell below the national average, according to the report.
But the news is not all good for Texans livings in areas with retail electric competition. For instance, average residential electricity prices have remained consistently higher in those areas, as compared to deregulation-exempt areas. This has been true for every year for which data exist to conduct this analysis.