Texas businesses can choose their electricity company
Small, commercial, or industrial businesses in the Texas deregulated energy market can choose their retail electricity provider (REP) . It’s important. Commercial businesses spend an average of more than $7,500 a year on electricity, according to the Energy Information Administration.
Deregulation gives Texas businesses an advantage. Few states allow businesses to shop for commercial electric plans. In fact, many companies in the United States only have one choice when it comes to their business electricity rates – the local utility.
Texas initiated energy choice in 2002. Lawmakers did it with the understanding that creating a competitive energy environment could drive down business electricity rates. That could save commercial electric customers and residential customers money.