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energy future holindings 032905
The document provides an overview of how electricity market restructuring has impacted the Texas market. It discusses how restructuring led to billions of dollars in investment in new efficient natural gas power plants, increasing generation capacity by over 20 GW. This brought average variable generation costs down significantly from $80/MWh to $45/MWh and reduced system-wide heat rates. The changes created a more competitive market with over 50 retail electricity providers to choose from.
