The Bitter-Sweet Success of Energy Deregulation in Texas Published: 09.04.2010 | Author: serenamaria02 | Category: Business
The deregulation of the electricity market in the state of Texas has been the topic of discussion amongst supporters of the legislation and its skeptics. An overview of the law on deregulation presents information that show that this new energy scheme has both positive and negative effects on the state鈥檚 economy.

The enactment of Texas Senate Bill 7 gave birth to deregulation in the electricity market in Texas. The law states that the state government may require the incumbent utility energy provider to allow for unlimited competition within the marketplace Cheap Bill Mazeroski Jersey , where the consumer is free to choose any electricity provider. This ability to decide which energy provider to go with has been aptly named by many as 鈥渢he power to choose鈥?

Today roughly a dozen of the lower forty-eight contiguous United States allow for consumer choice in electricity providers. It is interesting to note that the state of Texas employs the most widely watched deregulatory scheme. Other states continue to observe the Texas deregulatory model in order to ape and study its design as a paradigm for the imposition of free market forces within their respective energy markets.

The average American home consumes electricity at a rate of approximately ten cents per kilowatt. Supporters of Texas Senate Bill 7 claim that deregulation will eventually lead to a reduction in energy prices. Many detest that when it comes to lowering the electricity bill, deregulation was a complete failure. Prices in energy consumption of Texas utilities have skyrocketed, bringing a huge blow to the claim of lower energy fees by deregulation proponents.

Despite the seemingly immediate failure that met deregulation of the electricity market in Texas, some say that it was not a complete loss. Opening the electricity market for competition among retail energy providers have led to a resurgence of renewable energy. Some Texas power providers have begun opening negotiations with renewable energy providers.

In fact, Texas had recently surpassed the state of California in terms of wind energy production. As electric bills quickly balloon due to the skyrocketing rates, residents proactively try to reduce their electrical consumption by installing solar panels or raising the thermostat setting. As with all Texas utilities, usage decreases as the prices rapidly elevate as they have in Texas since deregulation set in. With respect to energy-use efficiency, deregulation has been quite a success.

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Article Tags: texas power, texas utilities

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The region has sweltered under the heat wave with average temperatures hovering between 35 and 37 degrees Celsius or higher in certain areas.

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