Energy News

The Oncor/Sharyland Deal: How Customers Will Benefit

Sharyland customers – your nightmare electricity bills are officially coming to an end.

On July 24, 2017, Oncor announced that it had reached a definitive asset swap agreement with Sharyland Utilities (SU) valued at approximately $400 million. Upon PUCT approval and successful close of the transaction, Sharyland will receive approximately 258 miles of 345 kV transmission lines from Oncor, and Oncor will receive all of Sharyland’s distribution network and, following ERCOT transitioning, all of Sharyland’s retail delivery customers.

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Relief for Texas Electric Customers Affected by Hurricane Harvey

As the people of Southeast Texas return to their homes and assess the damage from Harvey, the Public Utility Commission of Texas (PUCT) has taken steps to help those directly impacted. On August 31, the PUCT passed emergency order #47552 requiring Retail Electric Providers to offer deferred payment plans to customers, by request, in areas covered by a disaster proclamation until September 29, 2017.

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3…2…1…We’ve launched ElectricityPlans!

We are super excited to announce the official launch of ElectricityPlans.com! We serve the deregulated retail electricity markets in Texas, Ohio, and Connecticut with a fantastic choice of providers and plans in each market. Our mission is to give our customers the best variety and choice along with a stream-lined shopping experience when it comes to choosing an electricity plan for their home. We will continue to establish partnerships with the nation’s most reputable retail electricity providers and grow our reach to more deregulated states throughout 2017 and beyond.

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Energy Deregulation by State

Electricity deregulation is a relatively new phenomenon, although the idea of unregulated electricity is far from new.

When electricity utilities were just getting started, there were often multiple providers directly competing in urban areas. Over the years the redundant systems in a city were purchased by one company and consolidated into a single electric utility that provided service for all residents.

At first it seemed like a good idea since it brought all the infrastructure together and made regulating electric utilities much easier. However, by the 1980s utility companies were habitually raising rates and customers were bearing the increasing cost as best they could. Talk of deregulating both gas and electricity utilities started shortly thereafter, but little progress was made into restructuring until the 1990s. Both electricity and natural gas deregulation is now commonplace in the United States.

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