Deregulation screwed Texas electricity consumers
2021-02-24 22:08:33.99439+01 by Dan Lyke 0 comments
When the freakin' Wall Street Journal suggests that maybe giving free reign to the energy producers to run with zero margins and no disaster planning was a good idea... Texas Electric Bills Were $28 Billion Higher Under Deregulation
The EIA data shows how much electricity each utility or retail provider sold to residents in a given year and how much customers paid for it. The Journal calculated separate annual statewide rates for utilities and retailers by adding up all of the revenue each type of provider received and dividing it by the kilowatt-hours of electricity it sold.
From 2004 through 2019, the annual rate for electricity from Texas’s traditional utilities was 8% lower, on average, than the nationwide average rate, while the rates of retail providers averaged 13% higher than the nationwide rate, according to the Journal’s analysis.