California was the first state to deregulate, based, in part, by a hard push by lobbyists working for Houston-based Enron. But California’s new system fell into crisis when prices jumped from $1 per megawatt hour to $9,999, then back down to a penny. How? Market manipulation.
So Arizonans, Texas leaders can say rates have dropped, but tell that to the Texan who opens her or his electric bill. Add-on fees have that name for a reason.
A 2019 study by Texas ROSE — Texas Ratepayers’ Organization to Save Energy — found 28 different add-on fees used by electricity companies to grab more of your money.
The fees are “virtually unchecked” by the PUC, and sometimes in violation of state law, the report states.
Meanwhile, a 2019 study by TCAP found that the number of electricity-related complaints filed with the PUC increased for the second year in a row and now stands at a four-year high.
TCAP also found that Texans buying electricity from competitive providers historically have paid higher prices, on average, than Texans receiving power from providers exempt from competition.
A report by the Houston Chronicle this month found that while wholesale electricity prices fell nationwide last year, they jumped in Texas.