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 nonprofit provider, the answer is: In good hands with stable rates and reliable service.
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 9 cents per kWh, which is less than the 12-month fixed prices that REPs offer.
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