“Texas electricity consumers have seen costs rise after the state moved to a deregulated power market a decade earlier, signaling that regulators and lawmakers need to step in to improve rules, according to a study.
The southern state passed a law in 2002 to replace regulated electricity rates with a competitive power market in an effort to reduce prices. Consumers can choose where they purchase their power from rather than relying on a single utility. But after this transformation, electricity prices across most of the …”