I was right the first time. Texas HAS paid 40 TIMES the national average for electricity
By
DINO
on July 6, 2009 at 06:33 am
As per the Wall Street Journal:
Deregulation Jolts Texas Electric Bills
Wall Street Journal, July 17, 2008 - Rebecca Smith
Texas had some of the cheapest power rates in the country when it zapped most of the state’s electric regulations six years ago, convinced that rollicking competition would drive prices even lower.
This summer, electricity there is some of the nation’s priciest.
Power costs are rising in the rest of the U.S., but everything is bigger in Texas: On a hot day in May, wholesale prices rose briefly to more than $4 a kilowatt hour—about 40 times the national average.
I knew I had read that. Took me a while to find it.
