Did the expiration of retail price caps affect prices in the restructured Texas electricity market?

Linhong Kang and Jay Zarnikau ()

Energy Policy, 2009, vol. 37, issue 5, 1713-1717

Abstract: On January 1, 2007, the Electric Reliability Council of Texas (ERCOT) market became the first restructured market in the US to completely remove caps on the prices which could be charged to residential energy consumers by the retailers associated with the traditional or incumbent utility service providers. Our analysis suggests that the expiration of the price-to-beat (PTB) price caps may have led to a reduction in the average prices charged by competitive retail electric providers (REPs).

Keywords: Electricity; market; restructuring; Electricity; prices; Price; caps (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (10)

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