January marks the 10th anniversary of the deregulation of the Texas electricity market, a policy that has spawned new and diverse options for customers, but whose effect on rates remains debated.
The deregulated energy market opened Jan. 1, 2002, following the Texas Legislature’s approval of the policy in 1999.
More than 40 retail electricity providers now compete for customers in a market that was previously run by a handful of regulated utilities and co-ops.
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