What is deregulation?
Deregulation is the opening of a market to competition in a previously regulated industry. Texas Senate Bill 7, on January 1, 2002, created a deregulated electricity industry in Texas, allowing many consumers the opportunity to buy electricity from any Retail Electricy Provider (REP) they choose. Many consumers no longer have only one option for electricity. They can shop around for the best plan and, in many cases, lower their electric bill. Not all of Texas was deregulated. Certain municipalities still have an entity that continues to provide their electric service, but approximately 75% of Texas is deregulated.
In Texas, one company reads the meters and maintains the poles and wires that deliver the electricity to you. Many companies now compete to sell the electricity that runs over the poles and wires. As a result, Texas consumers benefit from competitive rates, more product options and greater service levels.
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