Deregulation of Texas Electricity Market
Before deregulation, the electricity market in Texas was serviced by select companies that provided generation, transmission and distribution, and retail sales. After deregulation key parts of the electricity market opened up to competitors, giving consumers and businesses the power of choice.
The emergence of competition in the market gave electricity providers the ability to compete on price, customer service levels, and renewable / green energy options. Low energy rates are the main result of the deregulation.