Texas Electricity Prices Actually Lower Due to Deregulation
The deregulation of the Electric Reliability Council of Texas (ERCOT) region has been held up as a model for electrical utility reform. As economist Jay Zarnikau describes, ERCOT “is generally considered to be the most successful of the restructured retail electricity markets in North America.” Yet recent weather-induced blackouts and anticipated price increases are causing many to question whether deregulation has benefited Texas consumers.
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