The deregulated areas of Texas cover about 85 percent of the state. So where does this leave the 15 percent of the state that is exempt from this system for buying and selling electricity? In the case of CoServ Electric, a not-for-profit provider, the answer is: In good hands with stable rates and reliable service. Check out the Texas Coalition for Affordable Power released an update in 2012 to Deregulated Electricity in Texas—A History of Retail Competition.
Our Members deserve reasonable and stable electric rates. Conversely, the mission of Retail Electric Providers (REPs) in the deregulated market is to generate investor profit. CoServ has no shareholders, and our responsibility is to our Members. Our current residential rate is around 10 cents per kWh, which is less than a 12-month fixed price REP offer of 11.1 cents per the Association of Electric Companies of Texas. Read the recent Texas Rose survey on deregulation and consumer fees.
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