On the 1st of January 2002, Texan legislators passed the Senate bill 7 to law. This bill squarely centered on Texas deregulation electricity. Statistical information about the consumption levels of electricity and the repercussions that come with it at shocking. The state tops in the US in energy consumption in general. As at now, the electric power stands at $24 billion and still rising. This can be compared to Spain and Great Britain consumption levels. These are the shocking statistics that prompted to that legislation. Texans ought to be aware of their energy consumption and check on their habits.
This bill squarely concentrated on how to revamp the increasing rate of consumption. Texans ought to own this problem in general and come up with measures ways and alternatives to address it. The most controversial and probably the game changer in the bill was the liberty that was given to private companies to be part of the energy production.
These companies were known as Retail Energy Producers (REPs); just like supermarkets we have Walmart. These REPs gave Texans a pool of option to pick from when it came to who will supply them with electricity. This gave rise to price wars and in turn better service delivery to the consumers. However the case, there was a rise in consumption as companies competed to get more customers, electric power became cheap and in turn Texans consumed more.
Statistics show that at least 85% of Texans have made a shift from one REP to another since 2002. There are a couple of retailers they could pick from. The most common being: Austin Energy, Glacial Energy, Just Energy, Dynowatt, Direct Energy, Gexa Energy, Mega Energy, Bounce Energy, Reliant Energy, First Texas Energy Corporation and Ambit Energy, just to name a few. Electric Reliability Council of Texas (ERCOT) was therefore mandated to oversee these companies. It was to regulate and oversee the whole sector according to this bill.
With the deregulation, this meant this were controlled or governed by the rationality of the Texans. This can be evident through the increase in levels of consumption in the first two years of introduction of the bill. There was an increase of near 50% in consumption of energy in the state. This had to be put in check with pricing and legislation in order to curb a rather extravagant consumption of electricity.
The rise in consumption has led to increased environmental pollution. Texas is the leading state in the US in clean wind power. This is a positive gesture considering the fact that it tops in pollution. On the other hand coal energy is cheaper and that is why traditionally many companies opted to invest in it. However it pollutes the environment was much more compared to those powered by natural gas. This has forced companies to switch to more environmental friendly options to produce energy at a cheaper cost.
At the end, natural gas is the best was to go forward but basing on the demand of electric power it would be an under performance in terms of production. The endowment in terms of natural gas alone cannot fully support the Texans. That is why companies have opted to invest in a production method that does not pollute the environment.
Texans possess not only a responsibility to themselves but to the whole world as a whole. There should be greater steps to be taken to address this matter. Legislation and good innovation directed at reducing the consumption of electricity especially by gadgets is a good move. This could go a long way in addressing this matter.
This bill squarely concentrated on how to revamp the increasing rate of consumption. Texans ought to own this problem in general and come up with measures ways and alternatives to address it. The most controversial and probably the game changer in the bill was the liberty that was given to private companies to be part of the energy production.
These companies were known as Retail Energy Producers (REPs); just like supermarkets we have Walmart. These REPs gave Texans a pool of option to pick from when it came to who will supply them with electricity. This gave rise to price wars and in turn better service delivery to the consumers. However the case, there was a rise in consumption as companies competed to get more customers, electric power became cheap and in turn Texans consumed more.
Statistics show that at least 85% of Texans have made a shift from one REP to another since 2002. There are a couple of retailers they could pick from. The most common being: Austin Energy, Glacial Energy, Just Energy, Dynowatt, Direct Energy, Gexa Energy, Mega Energy, Bounce Energy, Reliant Energy, First Texas Energy Corporation and Ambit Energy, just to name a few. Electric Reliability Council of Texas (ERCOT) was therefore mandated to oversee these companies. It was to regulate and oversee the whole sector according to this bill.
With the deregulation, this meant this were controlled or governed by the rationality of the Texans. This can be evident through the increase in levels of consumption in the first two years of introduction of the bill. There was an increase of near 50% in consumption of energy in the state. This had to be put in check with pricing and legislation in order to curb a rather extravagant consumption of electricity.
The rise in consumption has led to increased environmental pollution. Texas is the leading state in the US in clean wind power. This is a positive gesture considering the fact that it tops in pollution. On the other hand coal energy is cheaper and that is why traditionally many companies opted to invest in it. However it pollutes the environment was much more compared to those powered by natural gas. This has forced companies to switch to more environmental friendly options to produce energy at a cheaper cost.
At the end, natural gas is the best was to go forward but basing on the demand of electric power it would be an under performance in terms of production. The endowment in terms of natural gas alone cannot fully support the Texans. That is why companies have opted to invest in a production method that does not pollute the environment.
Texans possess not only a responsibility to themselves but to the whole world as a whole. There should be greater steps to be taken to address this matter. Legislation and good innovation directed at reducing the consumption of electricity especially by gadgets is a good move. This could go a long way in addressing this matter.
About the Author:
Texas deregulation electricity suppliers offer commercial and residential property owners advice on how to save money on their energy bills. For FAQs, visit the related homepage at http://www.enertelconnections.com.
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