The state legislation created in 2002 was a huge step in ending the monopoly that controlled the supply of electricity in Texas. The legislation enabled the people of the state to choose among the electric companies in Texas which one they wanted to have. What this means is that consumers now have lots of options and opportunities to get the best service and cheapest electricity possible. Numerous other states did the same, but in some of them, controversies and issues caused by the deregulation of the electric industry forced the state government to revert to the regulated system once again.
The good thing about having several electric companies in Texas to serve its people is that the market has remained competent and deregulated, although there are still certain regulations on the transmission and generation of electricity. The success of such a system is attributed to the fact that both the consumers and the bigger businesses are in full support of the deregulation, and this is despite the fact that it may still take a while before they can really benefit from cheap electricity.
For the general consumers, the biggest advantage of the deregulation is there are several electric companies in Texas that they can choose from. As a result, they have the chance to get the one that offers the best packages. But of course, to make sure that they choose the best electric company to serve their utility needs, there are some points that they need to take into consideration. First of all, a consumer has to check out the company’s electric rate. The best companies will offer reasonable rates which are consistent with the contract the consumers will have to agree to prior to getting service. There are some providers that will initially offer low rates, which they will try to change later on once they get consumers to sign the contract.
It is also important to know how long the electric company has been in business. Considering that the deregulation of energy in Texas started in 2002 only, most electric companies in Texas will not have been around earlier than that year. But it is typically a better choice to go for those companies that have been in operation for at least two years. This is a good sign that they are good enough and as a consumer, you can be rest assured that your provider is a reputable company.