After more than a century of living under a system of monopolistic providers and high electricity rates, the Texas state Legislature enacted a bill to deregulate the electricity industry and open it up to competition on January 1, 2002. The result, Texas electric choice, is the power given to Texans to choose their own retail electric provider. Today, about 75 percent of the state of Texas has the power to choose their electric company, when before a single electricity provider controlled and managed the transmission, distribution and sale of electricity to residential and commercial locations. The deregulation of Texas electricity now offers Texans the ability to shop and compare providers in their area to find the best deals and service.
Areas in Texas that have choice are:
Before the Texas Senate Bill 7 (SB7) came into effect in 2002, consumers didn't have the option to choose who they received electricity from. But now, the deregulation of Texas energy has broken down the market into several different retail electric providers, helping create competition and lower rates for consumers throughout Texas. Millions of Texans have already exercised their right to choose.
The deregulation of electricity began with the separation of the industry into three parts:
Thanks to electric choice, you are no longer forced to purchase electricity from the monopolies. Competition has given customers multiple options, which has brought down electricity costs. You also receive the same reliable delivery of energy you have always counted on without any interruptions
Among the other benefits of a competitive marketplace are:
The Texas model has made switching easy and quick. Currently, most switches take place in seven days. Even the switches that need additional work have no impact on the delivery of the customer's electricity while the switch is being completed. Feel confident that when you choose to change providers to a company like Direct Energy, your only worry should be how to use your savings.