It’s the New Year, which means it’s time again for the annual ABACCUS report.
Formally known as the “Annual Baseline Assessment of Choice in Canada and the United States,” ABACCUS is a weighty-looking tome that purports to rank deregulated electricity markets nationwide. The 149-page analysis was released January 22nd.
The good news is that ABACCUS again names Texas as number one among deregulated markets nationwide. The bad news is that the ABACCUS is a flawed report, one that fails to adequately account for electric affordability.
That’s a shame. We at the Texas Coalition for Affordable Power want the deregulated market to work. Texans deserve the best possible market — we should strive to be number one. But it’s hard to adequately judge the strengths and weaknesses of our market without examining how it…
TCAP REPORT: Despite Price Declines, Texans Under Deregulation Pay More
Despite Price Declines, Texans Under Deregulation Pay More
from rechargetexas.com
Residential electricity prices in areas of Texas with deregulated electricity service have dipped below the national average for the first time in a decade, according to a new report from the Texas Coalition for Affordable Power.
The lower prices in 2012 represent the fourth consecutive year of declining prices for Texans under electric deregulation. The improving prices parallel a recent decline in electricity-related complaints in Texas.
However, the news is not all good for Texans under deregulation. The new TCAP analysis also shows that Texans in deregulated areas have continued paying significantly more, on average, than Texans outside deregulation. Texans in deregulated areas would have saved more than…