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Last month TCAP released its updated report, "Deregulated Electricity in Texas: A Market Annual." We called it a "Market Annual" because the report describes key events in a year-by-year fashion. The updated version also included a new chapter
for 2017.
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NEW REPORT ON ELECTRICITY PRICES
This week TCAP releases its updated "Snapshot Report on Electricity Prices." This also is a recurring report, but one focusing on residential power prices within deregulated and non-deregulated areas of the state.
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Here are some key findings:
- Average residential electricity prices in areas of Texas with retail electric competition declined during a recent 10-year period, while average prices in deregulation-exempt areas increased.
- Although residential electric prices in areas with retail electric competition have remained consistently higher, on average, than prices in deregulation-exempt areas — the annual percentage price gap between these two areas has dwindled to its narrowest point ever.
- Year after year, average residential prices in
deregulated areas of Texas have remained higher than average prices in areas outside deregulation.
- Rates charged by the state’s two largest transmission and distribution providers have increased beyond the level of inflation, and these transmission and distribution rates comprise a larger proportion of home residential bills.
Under the state’s retail electric deregulation law, consumers living in about 85 percent of Texas can shop for electricity in much the same
way they can shop for cell phone service. Residents in the remaining 15 percent of Texas do not have options for service, and instead must purchase electricity from a single deregulation-exempt provider in their area. This bifurcated system — with some Texans receiving service in deregulated areas, and others receiving service in areas exempt from deregulation — provides a unique opportunity to compare prices.
TCAP has posted its new Snapshot Report on Electric Prices on its website:
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About TCAP
Want to find out more about the Texas Coalition for Affordable Power? Check out our website. You also can learn more about the state's deregulated electricity market by checking out the in-depth reports at TCAPTX.com.
Email TCAP policy analyst R.A. Dyer at rdyer@tcaptx.com for more details.
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If you have any questions about this newsletter or have a news tip, feel free to contact TCAP policy analyst R.A. "Jake" Dyer. He can be reached by email at rdyer@tcaptx.com.
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