Texas Electricity Deregulation

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A high level overview of electricity deregulation in Texas and how to compare and shop for an electric plan.

A high level overview of electricity deregulation in Texas and how to compare and shop for an electric plan.

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  • The state of Texas is the largest electricity market in the United States; Texas also ranks as the 11th largest worldwide market, falling between Great Britain and Spain in terms of annual consumption.
  • Electricity deregulation in Texas was the result of the coming into force of Texas Senate Bill 7 on January 1, 2002. According to the law, deregulation is to be phased in over several years.As a result, most Texas power customers (those served by a company not owned by a municipality or a utility cooperative)can choose their electricity service from a variety of "Retail Electric Providers" (REPs) which includes the incumbent utility (usually a subsidiary thereof). The incumbent utility in the area still owns and maintains the local power lines (and is the company to call in the event of a power outage) and is not subject to deregulation. Customers served by cooperatives or municipal utilities can choose an alternate REP only if the utility has "opted in" to deregulation; to date, only the area served by the Nueces Electric Cooperative has chosen to opt in.Since 2002, approximately 85% of commercial and industrial customers in Texas had switched power providers at least once. Approximately 40% of residential customers in deregulated areas of the state have switched from the former incumbent provider to a competitive REP. Notable Retail Electric Providers (REPs) include: Reliant Energy, Texas Power, Bounce Energy, Direct Energy, Stream Energy, First Texas Energy Corporation, Gexa Energy, Cirro Energy etc.

Transcript

  • 1. Texas Energy Deregulation
    Overview and the Switching Process
  • 2. Background
    The largest electricity market in the United States
    11th largest worldwide market
    2
  • 3. Introduction
    • January 1, 2002 Electricity deregulation came into force of Texas Senate Bill
    • 4. Since 2002, approximately 85% of commercial and industrial customers and approximately 40% of residental customers in Texas had switched power providers at least once.
    3
  • 5. Electricity Basics
    • The Competitive Electricity Market
    • 6. Retail Electric Providers (REPs)/Electric Companies
    • 7. Power Generation Companies
    • 8. Transmission and Distribution of Electricity
    • 9. Repairs and Emergencies
    4
  • 10. Reasons to Consider Switching
    • You have the right
    • 11. Awide variety of electricity products and plans available in the marketplace, you may find a plan that provides you with significant savings or provide more certainty than your current plan.
    • 12. You may also want to consider switching to an electricity product that uses primarily renewable energy.
    • 13. Some Retail Electric Providers also have other value-added services
    5
  • 14. Questions to Ask Yourself
    • Am I satisfied with my current Retail Electric Provider?
    • 15. Do I have a contract with my current Retail Electric Provider that includes a cancellation fee?
    • 16. I am on an average monthly payment plan - will it continue if I switch to a different Retail Electric Provider?
    • 17. Will I have to pay a deposit?
    • 18. What if I miss a payment?
    • 19. Is there a cost to switch providers?
    6
  • 20. The Switching Process
    7
  • 21. The Switching Process
    Your new electric service plan won’t take effect until your next scheduled meter read, which could take up to two billing cycles or sooner if you will ask.
    8
  • 22. The Switching Process
    Switching providers will not interrupt your electricity service
    9
  • 23. The Switching Process step by step
    10
    Go to www.shoptexaselectricity.com
  • 24. The Switching Process step by step
    Enter your ZIP
    11
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  • 25. The Switching Process step by step
    Shop and Order electricity plan of your choice.
    12
  • 26. The Switching Process step by step
    Follow your new Retail Electric Provider’s instructions to finish your order
    13
  • 27. Electricity Shopping in Texas Made Easy
    14
    Electricity Shopping in Texas Made Easy
    www.ShopTexasElectricity.com