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Report on Texas Electric Rates Corrected
Report on Texas Electric Rates Corrected
June 12, 2017
by Margarita Fournier, Copyright 2016 by Competitive Assets, LLC. All rights reserved
The initial release of a report on electric rates in Texas stated that competitive rates had generally decreased in the state. But according to UtilityDIVE, a “new report from the Center for Energy Studies finds rates paid by electric customers in competitive areas of Texas are about the same, and sometimes lower, than those in non-competitive zones. The findings are not quite as dramatic as originally reported: Energy Choice Matters reports an editing mistake originally sent the report out concluding competitive rates were lower on average across the state. The report does indicate markets appear to be working as expected, finding ‘all competitive areas prices declined from 2002 to 2016, but they increased in non-competitive areas over the same time period.’ It was just one word – ‘some’ – but the omission briefly painted a much rosier picture of Texas’ competitive markets.”
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