another screed that tries to bash capitalism.
FACTS: you can get 12 months fixed RIGHT NOW for 8.2 cents KHW.
Your CAN get out of your existing contract, by paying the prescribed fee. (50-250$).
The big secret is electric deregulation has been a big success in Texas (other than the rolling blackouts), as prices have declined a lot.
In fact, so much that the speculation is the blackouts were NOT AN ACCIDENT, but made by suppliers to try to prop up the declining prices.
Also note, Texas has been growing, (and BUILDING new power plants) in the last 10 years, unlike most other regions...
Before De-reg (and when oil was 20-30$ a barrel) I was paying 11-12 cent’s KWH.
I could tell as soon as the hospitals started losing power, it was a win win.