Energy deregulation is a big deal for Texas residents, business owners, and entrepreneurs. In 2002, the state legislature passed Senate Bill 7 which gave Texas electricity consumers their choice over their utility provider. Five years later, the Texas Legislature passed House Bill 1451 which further increased consumer options by allowing retail electric providers to sell energy plans directly to customers in any part of the state – not just deregulated areas. That’s five years during which electric choice has been available to most Texans.
Present Day Energy Deregulation
Fast-forward to today where the deregulation story is getting ready to get even bigger. The City of Houston announced recently that it has launched a program called “Power To Choose” in which residents can opt into electricity supplier choice for their homes and businesses. Not surprisingly, the news was welcomed by Texas energy providers large and small alike. It is expected that hundreds of thousands of Houstonians will follow through with their choice to switch providers in the coming months.
5 Great Facts About Energy Deregulation in Texas
1. Deregulation Gives Customers More Options
When it comes to Texas energy deregulation, the concept is simple. Customers are given a choice of providers that can offer them better rates or services than their local utility company. This being the case, customers can save money on their monthly bills just by switching to an electricity plan from a competing provider. In 2015, the average annual savings from switching to a new company was $288 for homes and businesses. The City of Houston’s decision to introduce electric choice city-wide is expected to create an even bigger market for Texas energy providers big and small.
2. Some Providers Can Offer Better Rates
The reason why some companies offer better rates than others is because they have taken the time to develop strategies that allow them to maintain low costs of doing business. When it comes to energy providers, these strategies typically involve using cleaner and more efficient generation methods as well as implementing new technologies. In addition, some companies simply have a knack for saving money in areas such as marketing and business development so they can pass these savings on to their customers.
3. It is a Win for Texas Economies
In addition to being a win for Texas energy consumers, the introduction of retail electric choice into major cities like Houston is also good for the overall Texas economy. This is because deregulation has created a vibrant and expanding Texas energy market that provides jobs for Texans which translates to financial stability for the state. The presence of more than 500 competitive suppliers, as well as fleets of trucks and business owners working day and night, has injected millions of dollars into small towns throughout the Lone Star State.
4. Electric Choice is Here To Stay
The launch of new programs like the City of Houston’s new “Power To Choose” initiative is proof that Texas energy choice is here to stay. Residential and business owners that are tired of paying high electricity bills can join the more than two million Texans that have already taken back control of their power plans by switching to an electric supplier.
5. Retail Electric Suppliers Are Ready to Serve You
One of the best things about retail electric choice is that it gives Texans a way to enjoy the benefits of a free-market economy on their home front. This being the case, you can find plenty of companies competing for your business.
When it comes to Texas energy deregulation, the concept is simple. Customers are given a choice of providers that can offer them better rates or services than their local utility company. This being the case, customers can save money on their monthly bills just by switching to an electricity plan from a competing provider. In 2015, the average annual savings from switching to a new company was $288 for homes and businesses. The City of Houston’s decision to introduce electric choice city-wide is expected to create an even bigger market for Texas energy providers big and small.
The reason why some companies offer better rates than others is because they have taken the time to develop strategies that allow them to maintain low costs of doing business. When it comes to energy providers, these strategies typically involve using cleaner and more efficient generation methods as well as implementing new technologies. In addition, some companies simply have a knack for saving money in areas such as marketing and business development so they can pass these savings on to their customers.
In addition to being a win for Texas energy consumers, the introduction of retail electric choice into major cities like Houston is also good for the overall Texas economy. This is because deregulation has created a vibrant and expanding Texas energy market that provides jobs for Texans which translates to financial stability for the state. The presence of more than 500 competitive suppliers, as well as fleets of trucks and business owners working day and night, has injected millions of dollars into small towns throughout the Lone Star State.
The launch of new programs like the City of Houston’s new Power To Choose resource is proof that Texas energy choice is here to stay. Residential and business owners that are tired of paying high electricity bills can join the more than two million Texans that have already taken back control of their power plans by switching to the right electric supplier to find the best Houston electricity rates and Houston energy plans.
One of the best things about retail electric choice is that it gives Texans a way to enjoy the benefits of a free-market economy on their home front. This being the case, you can find plenty of companies competing for your business, such as Pulse Power reviews or home insurance plans.
