Years ago, only one company has provided the process of delivering and selling energy to consumers
. Energy deregulation gave the consumers the freedom to choose their energy providers. Monopolies have been eradicated in this industry. It paved way for other players to join the market.
Since the energy regulation is promulgated in Texas, there has been a major change to the preference of energy consumers. This resulted to the undeniable competition among different companies. Better services are offered because of the competitive environment among the players. Having options created a good balance between interests. The price depreciated and the services enhanced.
The Center for the Advancement of Energy Markets (CAEM) made a study about the electric market in the state of Texas. They found out that the restructuring of this market is the best that happened in the basis of the retail Energy Deregulation Index (RED). RED primarily measures the rates depending on several criteria. Texas compared to other states, scored the highest.
The state of Texas has been popular since the implementation of Energy deregulation. Texas electricity suppliers grew in numbers. They now compete in terms of services and rates. This made the suppliers to perform well in the business. It is an indication of progress and growth in Texas.
Texas electricity rates became cheaper because of the competition over the suppliers. It has been very rewarding to consumers because they do not have to stick with monopolies. Getting your own choice of supplier made all the difference. There is no one at this time to impose who will send you the electricity in your household.
Aside from this, Texas electricity is now innovating a greener way to get their power supply. The uses of Solar Panels have already been introduced. Texas is the only state to start off the renewable energy program. It is a new alternative getting to be more efficient in the years to come. Texas has reached its study in advance to what is expected. The electricity market in Texas is becoming more productive through the years. Other states are now studying the Texan trend in the deregulation of their electric supply.