Deregulation Costs For Power Customers In Texas Brings Out Opposition

[DhhD]

http://bizbeatblog.dallasnews.com/2016/02/state-regulators-benefits-in-hunt-led-plan-for-buying-oncor-295-million-worse-for-power-customers.html/

Benefits offered last week by a Hunt-led group seeking to buy part of the state’s largest utility would eventually add $295 million to power bills, the staff of the Texas Public Utility Commission said today. The staff generally agreed with a similar critique by a coalition of Texas consumer groups.

The staff opinion filed today, which advises the commission to reject the plan, says the Hunt group plan includes “illusory benefits.”

“To the contrary, the proposed commitments will actually impose additional harms onto ratepayers because they will create additional present-value costs of nearly $295 million.”
more at site


It is advisable to shop for rates, as the Texas Legislature reasoned in its Bill to deregulate the cost of electricity from the electric Power providers.

[onecaliberal]

1. Guess they didn't learn the lesson from California when we deregulated electricity.

It screwed over the rate payers, so many of us saw it coming. People NEVER learn.