When deregulation in the California energy market first took place the plan was said to be flawed which led to the opportunity for Texas-based electricity firms to buy many California electricity generating companies.
This is mostly due to the fact that California was experiencing significant issues involving black-outs and subsequently large rate increases.
Because the electricity rates are significantly higher than many other states it is important for California businesses to compare energy company rates which they can do by contacting Electric Rates.
- Forced contracts by Texas-based energy companies are the cause for the high California energy rates.
- Despite the recent wave of imprisonment for market manipulation Texas-based companies continued to rule the California energy market.
- Texas is the only state that rules another state’s electricity market.
At this time, and during any time in history, the California energy market is the only one in the U.S. to be controlled by a state other than its own.
Because many California energy companies are owned by Texas, consumers are stuck paying a higher average rate for their electricity supply.
There are still many energy companies to choose from in California though so you have to compare them all if you want to find the lowest rate available.
Call Electric Rates at 1-800-971-4020 to have them help you make this very important comparison.
Call Electric Rates and search for a lower rate.