Electricity Rates Soar

The deregulation of the retail electricity market in Texas has resulted in higher rates than any other state with open competition.

A new report released by Cities Aggregation Power Project Coalition says residential electricity rates rose 64% between 1999 and 2007.

Before the deregulation law passed in 1999, Texans paid well below the national average.

The law was meant to break down electric monopolies and remove government control over retail rates, allowing competitive market forces to drive prices down.