Update on Electricity Market in Texas

The Texas Policycast for March 27th: Checking Texas' electricity marketplace (MP3): Bill Peacock, Director of the Foundation's Center for Economic Freedom, shares his findings on the health and vitality of the Texas competitive electric market. Key quotes: "Since we have gone to full deregulation, electricity prices have declined. Compared to rest of country, we have improved slightly since 2001. ... In real dollars, electricity prices are about where they were before deregulation, which is great considering other energy costs have gone up. ... Number of consumers picking new competitive rate plans are going up. ... Competition is working and consumers are choosing."

Bottom-line: Electricity deregulation, which was threatened with a roll-back in 2007, is working.

UPDATE, 4/2: Link to "Texas Consumers Benefit from Competitive Electricity Market", by Bill Peacock.