Texas has the highest electricity rates in the nation.
AUSTIN, Texas – In the decade since Texas deregulated its retail electricity market, rates have skyrocketed higher than any other state with such open competition, according to a report released Monday.
Commissioned by the Cities Aggregation Power Project, a nonprofit coalition of Texas municipalities, the report found that residential electricity rates rose 64 percent between 1999 and 2007. Before that, Texans paid rates that were well below the national average, according to the U.S. Energy Information Administration.
“Consumers have paid too much for too long under deregulation,” said Jay Doegey, chairman of the municipalities group that seeks to curb market abuses. “Instead of excuses or ignoring the problem, Texans deserve meaningful reform.”
The article also says that Texas is “far too dependent on natural gas.”