Evansville’s High Power Costs Rank with Chicago, Washington D. C., Boston, Phoenix, and Coastal California: Texas Cities Make Competition Work

Posey, Vanderburgh, and Warrick Counties all Required to Pay Big City Pricing

The City County Observer has located a very well written analysis of the economic benefits of deregulation and competition in selling electric power. Vectren’s current rate of 12.49 cents for KWh and its proposed increase to 13.93 cents per KWh place our prices up there with the most expensive rates in the entire country. In the article on the effects of deregulation Houston was highlighted as an exemplary city for delivering cost effective power to its residential customers. Greater Houston has 15 different providers and power plans that start at 7.5 cents per KWh with a rewards program for loyalty and use.

Those of you who are up for a 10 minute read and a very deep discussion should click on the link below. It is of significance to not that Texas as a state has no income tax, free market competition for electricity, and incidentally created more jobs than the other 49 states combined during 2009. For those who are not up to the read the table at the bottom of the article supports the conclusion that when consumers have more choices in an unregulated market, they are served better and less expensively.

http://texaselectricityratings.wordpress.com/a-comparison-of-deregulated-and-regulated-electricity-rates-2/