AUSTIN – Electricity rates in Texas have soared well above the national average under a 10-year-old deregulation law, according to a study by a coalition of cities.
"As this report illustrates, consumers have paid too much for too long under deregulation," said Jay Doegey, chairman of the Cities Aggregation Power Project, a non-profit coalition of 103 municipalities.
An industry group immediately challenged the findings, saying the report was based on "flawed reasoning" that resulted in erroneous conclusions.
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