WSJ News Exclusive | Texas Electric Bills were $ 28 billion higher under deregulation
Deregulated Texas Power Market That Should Provide Reliable Power At A Lower Price Millions left in the dark last week. According to an analysis by the Wall Street Journal, its customers have been paying more for electricity than citizens supplied by traditional utility companies for two decades.
Nearly 20 years ago, Texas stopped using full-service regulated utilities to generate and deliver electricity to consumers. The state deregulated electricity generation and created the system that failed last week. And nearly 60% of consumers had to buy their electricity from one of the many retail utility companies, rather than a local utility company.
These deregulated private consumers in Texas paid $ 28 billion more for their energy than they did since 2004 …