On January 1, 2002, Senate Bill 7 brought electricity deregulation to Texas. That meant that most Texas residents were now able to choose their electric service provider.
Deregulation also means that your electric service is separated into individual components. Instead of one company providing everything, from the electricity generation and billing to power lines and poles, different companies now compete to provide you with those services.
That gives you the ability to choose an energy plan that fits your needs and budget from different qualified retail electric providers. Competition among companies helps to lower electricity rates for everyone and, with both prepaid and postpaid electricity plans, you can better manage your utility budget.