Texas power market ranked first in North America

subscribe

TexasÂ’ oft-criticized deregulated electricity market rated first among competitive electric markets in North America in both the residential and commercial/industrial sectors, in a study done by The Energy Retailer Research Consortium.

Texas ranked excellent in both categories. New York was the only other state cited as excellent in either sector, drawing that rating for residential.

The study surveyed 14 U.S. states, the District of Columbia and two Canadian provinces. Ratings were based on how effectively states implemented a competitive electric market giving consumers a choice of retail electric providers.

The consortium describes itself as "an independent research consortium that supports retail energy choice" and says it is "comprised of companies with a stake in competitive retail energy markets."

TexasÂ’ deregulated market has been heavily criticized by some consumer groups, but that has waned somewhat this year with lower natural gas prices driving down electric rates.

Related News

ontario government

Ontario Businesses To See Full Impact of 2021 Electricity Rate Reductions

TORONTO - As of January 1, 2022, industrial and commercial electricity customers will benefit from the full savings introduced through the Ontario government’s Comprehensive Electricity Plan, announced in Budget 2020, and first implemented in January 2021. This year customers could see an additional four percent savings compared to their bills last year, bringing the full savings from the Comprehensive Electricity Plan to between 15 and 17 per cent, making Ontario a more competitive place to do business.

“Our Comprehensive Electricity Plan has helped reverse the trend of skyrocketing electricity prices that drove jobs out of Ontario,” said Todd Smith, Minister of…

READ MORE
Hydro One CEO Mayo Schmidt

Hydro One’s takeover of U.S. utility sparks customer backlash: ‘This is an incredibly bad idea’

READ MORE

texas grid improvements

5 ways Texas can improve electricity reliability and save our economy

READ MORE

manitoba hydro building

Don't be taken in by scammers threatening to shut off electricity: Manitoba Hydro

READ MORE

coal plant

18% of electricity generated in Canada in 2019 came from fossil fuels

READ MORE