Even though customers in deregulated Texas markets routinely pay more for electricity, there is a bright spot. The gap between the average price paid for electricity between deregulated and regulated market has shrunk to 8.8 percent. In 2006, customers in deregulated cities were paying nearly 47 percent more for electricity than their counterparts in regulated cities.
Consumers in Houston, Dallas, Fort Worth and Corpus Christi were promised bargains on electricity when the Texas Legislature deregulated the electricity market. But 16 years later they're still paying more for electricity than their counterparts in cities Texas lawmakers exempted from deregulation such as Austin and San Antonio, according to the Texas Coalition for Affordable Power which analyzed federal electricity pricing data.
Last Thursday, the Center for Strategic & International Studies (CSIS) held a live conference as part of their CSIS Energy and National Security Program. The presentation, hosted by CSIS Senior Vice President and Trustee Fellow, Frank Verrastro, called upon Ian Meed, Assistant Administrator of the U.S. Energy Information Administration’s (EIA) Office of Energy Analysis to present the United States Energy Administration’s (EIA) International Energy Outlook 2017. The presentation focused primarily on the long-term, international energy projections on a variety of topics including: Electricity generation by energy type Region defined primary energy sources Carbon dioxide emissions Fuel supplies Natural gas markets...
Half of 2017 has now passed, which means we should be able to highlight trends from the first half of the year and compare them with last year to project where energy rates might be for the remainder of 2017. These comparisons can help businesses better anticipate what the rates could look like for the remainder of the year and budget accordingly. Energy Trends At the moment, the 2017 average rates for electricity by state are only available for the months of January to April. That being said, there is still a lot of information we can gather about...
But competition didn't necessarily end up cutting prices, according to the report. One contributing factor is confusion among customers as they try to choose among scores of retail electricity providers and the overwhelming variation of plans, leading many to just stick with familiar companies rather than look for better deals, according to the Texas Coalition for Affordable Power .
Yesterday, Shell Energy North America announced that they have officially signed an agreement to purchase MP2 Energy LLC. The signed agreement is only the first step in the acquisition process, as the agreement still needs to be approved by regulators. This approval process is expected to wrap up before the last few months of 2017. According to a recent press release published by Cision PR Newswire, Glenn Wright, Vice President of Shell Energy North America provided the following statement: “We are proud to bring MP2 into the Shell Energy North America family,” he said. “MP2 has established itself as a significant...
Located in Northern Texas, Fort Worth was founded in 1849. Based on population, the city is the fifth largest in Texas and boasts a population of almost nine-hundred thousand citizens. Originally founded as an army outpost, the city has transformed into one of the most prolific cities in the state. As part of the DFW metroplex, it contributes to the fourth largest metropolitan area in the United States. Due to the fact that Texas as a whole maintains a deregulated market, the city’s residents are able to select from a variety of energy service providers.
Rates differ from state to state, city to city, time of year, provider to provider… so how can a consumer know that they are looking at a good electric rate? There are many factors that have an impact on electricity rates. So, it’s important to have a good understanding of what those factors are and what you, as an electricity consumer need to look for in a ‘good’ electricity rate. Home vs. Business Rates For starters, are you a residential or commercial customer?  If you’re using your electric service for your home, then in general expect to pay more per...
Whether consumers are interested in a Fort Worth energy plan that features green energy, a price-protected supply rate or is from a leading Texas REP, shopping around can help narrow the supply plan search. Although Fort Worth community members can sign up with a REP, they'll still keep in contact with Oncor – the area's transmission and distribution service provider (TDSP).
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