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   TheHill.com   
   Texas's deregulated electricity market raised consumer costs by $28B: WSJ   
   BY LEXI LONAS - 02/24/21 11:12 AM EST 792   
   5,873   
      
   Texas’s deregulated electricity market has raised costs to consumers by   
   $28 billion since 2004, according to a Wall Street Journal analysis   
   published Wednesday.   
      
   The analysis found that consumers purchasing power from the deregulated   
   electricity market have paid significantly more than state residents   
   whose sources were traditional electric utilities.   
      
   The report comes after widespread power outages in Texas that left   
   millions of residents without power for days amid freezing temperatures.   
   That was followed by many households receiving sky-high electricity   
   bills, with warnings from experts that consumers are likely to be hit   
   with covering the costs for grid upgrades.   
      
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   The decision to have a deregulated electricity market stems back to 1999   
   when legislation was first introduced to deregulate the market in Texas.   
   Supporters of the bill said it would create more competition in the   
   sector and lower prices for consumers.   
      
   However, households under the deregulated market paid rates 13 percent   
   higher than the nationwide average from 2004 to 2019, according to the   
   Journal. Those who used traditional utilities in Texas paid 8 percent   
   less than the national average during that time frame.   
      
   The data used for the analysis came from the federal Energy Information   
   Administration.   
      
   Although deregulation in Texas was designed to allow for more   
   competition, mergers in the industry have left Texans with two main   
   retail electricity providers.   
      
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   Texas is not the only state with some deregulated electricity market,   
   but other states give residents the choice between retail electricity   
   and electricity from a regulated state utility.   
      
   When the bill in Texas was passed for a deregulated market, 60 percent   
   of residents were forced to get their electricity from a retail company,   
   the Journal reported.   
      
      
      
   Rep. Alexandria Ocasio-Cortez (D-N.Y.) has raised about $4.7 million in   
   relief funding for Texas.   
      
     Cancun Cruz raised $0.0 . The man who abandoned his dog in a frozen   
   home hasn't been seen since Houston  police escorted him home from his   
   Make Mexico Great Again tour last week.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)