Mayor Bill White posted some interesting data on electricity deregulation on his facebook page:
In 1999 the average price of electricity fo U.S. homeowners was $8.16 per kilowatt/hr. and in Texas lower, $7.55, because our energy resources helped us. But then we deregulated power in Texas. By 2007 the ave. US price was $10.65, and in Tx it soared to $12.34. This year through Aug the ave. price to Texans is $12.82. Our neighbors? Okla (8.63) and La (8.51).
8 comments:
Come on John! Correlation is not causation! What, specifically, do you think is the link?
Bill White appears not to know the difference between a dollar and a penny, which probably helps to explain the city's fiscal position.
John,why not move somewhere you will be happier if you think texas is such a sucky place? I'm sure you would love Massachusetts, California, or some other bastion of liberalism.
By "we", you must mean people who don't think or research before they speak (or type). Maybe you heard something about natural gas (the primary feedstock for TX electricity generation) going through unprecedented price volatility in 2008 and 2009? Or possibly you've heard of a little credit crisis recently? (That matters because retail electricity is a hugely credit- intensive and credit-dependent business.) If we had remained regulated in 2002, customers would still be paying higher rates because of the underlying economic realities, you just wouldn't be able to go look for a better provider! Maybe you shouldn't get your "facts" from pandering politicians anymore.
Oklahoma using gas also. They are ranked #4.
So does LA. Both are well aware of the credit crisis. And the economic situation.
The ONLY difference is they are regulated and we are not.
But as in the words of Homer Simpson "Facts, smacts, you can prove anything with facts?.
Some people like paying higher rates and defending Ken Lay and Enron who lobbied for deregulation.
Oh. p.s. Go away matt and greg.
Deregulation was a boon for private equity and politicians. Consumers? We were just plain robbed. Sky high electricity rates are a huge drain on businesses who choose to locate here. How do you know it's a broken system? When my REP can afford to pay a third party vendor (on commission) to knock on my front door in order to persuade me to sign a long term contract. Good luck. If Texas had real 'net metering' our business would already be on a Solar Array.
Oh, my! It appears that John is out of rational arguments to make in defense of his position, so he is trotting out two enemies who don't appear to have even posted on the thread.
Post a Comment