Electricity Deregulation Blog

Deregulation of electricity in Texas resulted in much discussion and debate in the government and in media. The sad thing about this is that it is the consumers, the end-users of electricity who do not have much knowledge about the topic. They think meddling with the idea is taking too much of their time, time they would rather spend working or going out with friends. This should not be for the consumers are the one being benefited with deregulation and they will not maximize its advantages if they do not know what it is in the first place.

Before deregulation was introduced, the electric market was monopolized only by a handful of electric companies. If the source of energy is monopolized, the consumers have no control as to the state of their energy source, whether it is being overly priced or not. Monopoly is never a good thing especially if it is a common and very basic need like electricity.

After some time, the government put its hands down over the top energy suppliers saying enough is enough. No longer should electricity be monopolized by capitalists searching to feed off the unknowing consumers. Deregulation was passed resulting to the emergence of private energy companies in the market. The more competition there is, the more competitive the electric rates became.

Nowadays, almost 75% of Texas is implementing the electric deregulation law. People now have the power to choose their Texas electricity suppliers. There are a lot of websites you can go to in order to have a full list of electric companies in your area.

Deregulation of Texas electricity brought with it a lot of advantages for the consumers. For one, it increased consumer protection because monopoly was abolished. It also created jobs for businesses such as retail electric providers. The downside of the law is that Texas electricity rates are reported to have increased rather than decrease over time. This is arguable but there are skeptics who believe and even promote this idea.

There is one known truth about deregulation, though, and that is the promise of growth and innovation for the Texas electricity industry. All stakeholders will continue to go at each other regarding the subject all towards refined advantages in the future. No matter what the state of Texas electricity is now, there is surely a bright future ahead of it.

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