ANOTHER FREE-MARKET FAIL

I noted a study on electrici8ty rates & deregulation back in 2007 and even in the Free Market Paradise that is Texas, deregulation of electricity is a FAIL.

Texas' electric deregulation cost is tallied in study
By Jack Z. Smith | The Fort Worth Star-Telegram
Posted on Tuesday, February 15, 2011

A report released Monday concludes that electric deregulation has cost Texas residential consumers more than $11 billion in higher rates and that the operator of the state's major power grid, the Electric Reliability Council of Texas, has been poorly managed and industry-dominated.

Before deregulation, Texas had cheaper rates than most states. Between 1999 and the first six months of 2010, however, Texas residential consumers "suffered greater increases [in electric rates] than residents in all but six other states," the report said.