Has Retail Competition Reduced Residential Electricity Prices in Texas?
We estimate the impact from the introduction of retail competition on retail electricity prices paid by residential consumers residing in Texas’s two major cities of Dallas and Houston. Using the synthetic control method to obtain the counterfactual prices, we find that retail competition raised average prices by $0.0112/kWh ($11.2/MWh) in the transition period from 2001 to 2006 and by $0.0134/kWh ($13.4/MWh) during the period of unfettered competition from 2007 to 2020. However, when the US wholesale natural gas prices are relatively low, there is little change in prices
Year of publication: |
[2023]
|
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Authors: | Zarnikau, Jay ; Cao, Kang Hua ; Qi, H.S ; Woo, C.K |
Publisher: |
[S.l.] : SSRN |
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