What happens when a former Secretary of Energy comes to Texas?
When Mr. Pena, former Secretary of Energy, (1997-1998), traveled to Texas, he commended the Texas electricity market as a successful model for the nation to emulate. In selecting his flight from Denver, Mr. Pena “was able to select the best options based on cost, reliability and service.” In the same manner, the Texas electricity sector has flourished under a competitive market where “suppliers must constantly differentiate themselves by finding new and better ways to serve customers.”
While government instituted monopolies control the electricity sector nationwide, Texas has set an example through its competitively designed market. For further information about Texas’ success, please see our recent publication, Competition in the Electricity Market.
-Ben SnodgrassResearch Fellow, Center for Economic Freedom