Deregulation is the process by which governments remove restrictions
on business in order to encourage the efficient operation of markets.
The stated rationale for deregulation is often that fewer regulations
will lead to a raised level of competitiveness, therefore higher
productivity, more efficiency and lower prices overall.
The retail power market in Texas has been open to competition since
January 1, 2002. This means that Texans now have the option to choose
who provides their energy.
|