How has deregulation affected Georgetown?
Here’s what the latest statistics from the U.S. Energy Information Administration show:
- Texas residential electricity rates are nearly 9.5 percent lower than the national average.
- Texas commercial electricity rates are nearly 26 percent lower than the national average.
- Texas industrial electricity rates are nearly 23 percent lower than the national average.
- Texas generates the most electricity of any state from wind.
- Texas generates the fifth-highest amount of electricity from solar energy.
Texas deregulated its energy market in 2002. Essentially, deregulation gave the majority of the Lone Star State, including Georgetown, the ability to select their energy supplier from a pool of companies. The idea behind the change is that this power to choose results in competitive pricing between companies and lower energy rates for consumers.
Because of deregulation, Georgetown residents are no longer limited to a single energy provider. Like shopping for a reliable and affordable refrigerator, consumers in Georgetown can choose the supplier that works best for them. See what suppliers are offering in your area.