Power costs more in deregulated areas, study says

subscribe

A nonprofit coalition of municipalities says a study it conducted found that Texans who live in cities where electricity rates are still regulated pay less for power than do those who live in areas with deregulation.

The Texas Coalition of Cities for Utility Issues said its study found that people living in areas served by municipal power companies and co-operatives have the lowest electricity prices in the state.

"This report shows that Texans in many deregulated areas can shop around all they like, and still never find the deals available to ratepayers in Austin, San Antonio and elsewhere," TCCUI chairman Don Knight said in a story for the online edition of the Austin American-Statesman.

The coalition's study compared the lowest rates offered by the competitive electric providers serving North Texas as well as 22 municipally owned utilities, cooperatives and investor-owned utilities that operate outside competition. The study focused on rates from September.

Tom Stewart, a spokesman for TXU Energy, noted that some of the competitive electricity companies had dropped their prices since the survey was completed, The Dallas Morning News reported in its online edition.

Texas adopted an electric deregulation law in 1999.

Related News

wind power

BNEF Report: Wind and Solar Will Provide 50% of Electricity in 2050

LONDON - In a report that examines the ways in which renewable energy demand is expected to increase, Bloomberg New Energy Finance (BNEF) finds that “aggressive decarbonization” will be required beyond 2030 to meet the temperature goals of the Paris Agreement on climate change.

Focusing on electricity, BNEF’s 2019 New Energy Outlook (NEO) predicts a 62% increase in global power demand, leading to global generating capacity tripling between now and 2050, when wind and solar are expected to make up almost 50% of world electricity due to decreasing costs.

The report concludes that coal will collapse everywhere except Asia, and, by 2032,…

READ MORE
trumps-proposal-to-control-ukraines-nuclear-plants-sparks-controversy

Trump's Proposal to Control Ukraine's Nuclear Plants Sparks Controversy

READ MORE

UK wind power

Green energy could drive Covid-19 recovery with $100tn boost

READ MORE

pense morrison

Australia stuck in the middle of the US and China as tensions rise

READ MORE

Warren Buffett

Warren Buffett’s Secret To Cheap Electricity: Wind

READ MORE