How has deregulation affected Laredo?
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.
Energy in Laredo has been deregulated since 2002, along with much of the rest of the state. Deregulation sounds complicated, but what it really means is that residents have the power to choose. Before deregulation, energy consumers didn’t have an option of where their energy came from. There was only one supplier, called the utility, and that utility had a monopoly on the market.
Thanks to deregulation, there are now a variety of energy providers and plans to choose from. This means residents can compare rates and choose what works for them, not what works for the utility. See what’s available in your area by entering your ZIP code above.
Laredo utility companies & energy providers
Before deregulation, the area’s designated utility company handled all steps of the energy process: transmission, distribution, and sales. Now, things operate a bit differently. The utility company still delivers the energy to your home and maintains the infrastructure, but your chosen energy provider sets the prices and handles billing. If you have a power outage, though, you’ll want to contact your utility, not your supplier.
Laredo’s utility company is AEP Texas Central. As for energy providers, Choose Energy has partnered with a few of the most trusted companies, including TXU Energy, TriEagle Energy, 4Change Energy, and more.
Laredo renewable energy
The Lone Star State is a leader in the country’s push towards renewable energy. It is already the top state in the nation for wind power generation and quickly gaining in solar power. Because of this, it’s becoming easier and easier to source renewable energy for your home. In Laredo, Choose Energy has partnered with Green Mountain Energy and Amigo Energy to offer residents environmentally-conscious options.
(Last updated 8/12/2019)