A recent study using the acronym “ABACUS” claims that Texas and New York are the best examples of effective competitive electricity markets. Sponsored by the Alliance for Retail Choice, the authors selected 28 states and two provinces, and ranked them from best to worst, basing their assessment on factors such as number of providers, switching rates, nature of default service, etc.
Interestingly, price to consumers was not one of the ABACUS assessment factors. What if it had been?
Here are the total delivered retail electricity prices of ABACUS’s “best” five states (the blue line–TX, NY, MD, ME, and MA), compared to the prices in ABACUS’s chosen bottom or “worst” five states (the black line–WA, NV, NC, LA, and GA). As you can see, ABACUS’s top-ranked states are also top-priced, and the gap has widened.
ABACUS used only 28 states in its study. Over at PPI’s website, I have tracked prices in all states, dividing them into “regulated” and “deregulated” (CA, CT, DC, DE, MA, MD, MI, NH, NJ, RI & TX). Here, for example, are the total delivered retail electricity prices to consumers (all classes) in Texas–compared to prices in the regulated states:
And here are New York prices compared to prices in the regulated states: