electric good
Although Power to Choose was created to give Texans the most convenient way to purchase electricity, some consumers feel it is a scam. Power to Choose electricity rates are not based on usage or home size, unlike traditional electricity suppliers. This has allowed some companies to create promotional plans that offer low rates for the first few months and then increase their rates during the entire contract term. Most notably, Variable Rate Plans (VRPs) rarely go down. Texas's power market is an active competitive market that provides consumers with a variety of options at lower prices. In order to provide reliable services and maintain low prices, there must be competition. However, deregulated markets require companies to provide incentive programs for generating additional power. The Association of Electric Companies of Texas is aware of this trend. However, it denies that more competitive markets can create better deals. Although they recognize that energy markets have become increasingly competitive, deregulation has made them more attractive. It will also become easier for consumers to search comparison websites in order to determine the price and service of a particular company. Deregulation was not without its challenges. The controversial issue of deregulating electricity is not new. Although deregulation is intended to bring down the cost of electricity in Texas, the first months of the process were not easy. The ERCOT computers experienced difficulties processing some switch requests in certain areas. The system malfunction caused electricity prices to spike and delayed service. Texas is a state with a high-efficiency industry. It has had a slow start. Nearly all state power customers have the option to choose among several electricity retailers.