Texas Electricity Rates are Not Only Cheaper, But Deregulation has Spurred Innovation and More Green Energy than any other State.
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- Mar 8, 2021 6:35 pm GMTMar 8, 2021 3:52 pm GMT
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(A response to WSJ article on Feb 24, 2021 “Texas Electric Bills $28 Billion Higher Under Deregulation”)
By Karl Trollinger - CEO - Electricity Ratings, LLC
We are a comparison shopping marketplace for home and business electricity and natural gas. Our business is to help consumers find the best energy plans for them, and we’ve been successfully doing just that for nearly 20 years in Texas and 16 other deregulated energy States throughout the U.S.
Much attention has been given to the exorbitant electric bills issued by a single company selling an extremely high-risk index-based service in Texas – which unfortunately backfired on that company and its customers in light of rising spot market prices caused by power generation issues during the recent winter freeze. Was this risk known and disclosed – probably? Should this product have been more regulated or outlawed – maybe? Was it avoidable to customers – absolutely!