Texas has become the national leader in installed wind capacity, and is quickly growing its solar capacity as well. Coupled with cleaner burning and plentiful Texas natural gas, generating capacity has kept pace with our state’s growth.
Retail functions have probably seen the most change with deregulation. New retailers have brought innovative products to the market that never existed in the old monopoly days. Prepay products, free nights and weekend’s promotions, affinity opportunities, and various contracting options have provided Texas consumers with myriad choices and all at competitive rates.
And choice has proven very popular. Since deregulation took effect in 2002, about 40% of Texas residents have switched electricity providers at least once, while more than 85% of commercial and industrial users have switched.
Unfortunately choice can be confusing. Knowing whether a variable or fixed price plan would best serve your needs means having to educate yourself about your needs and how you use electricity.
If you are willing to do that you can save money. Those who don’t stand to leave money on the table. Texans spend $24 billion on energy each year. That’s more than residents of any other state in the union. One reason is the sheer size of the population; another is the high temperatures which cause high usage.
But one thing’s for sure: Texans value their freedom to choose, and in deregulated areas of the state, residents can choose the electricity provider and the plan that work best for them.
Have questions? Call 844-501-SNAP. (We love talkin’ about electricity.)