The story of the Texas electricity market reform is an evolving one. By most accounts, a true metric for successful market reform is embodied in the price of electricity. Wholesale market reform should be evidenced by wholesale price movements that indicate cost reductions in generation, while retail market reform should be evidenced by retail price movements that indicate cost reductions in the delivery of energy services. A new study by the Baker Institute Center for Energy Studies delves into this issue. In Texas, there is clear evidence that retail prices in competitive market areas have moved favorably for consumers. The story in noncompetitive areas is mixed.
At this event, the Baker Institute Center for Energy Studies, together with Texas Monthly and Direct Energy, hosted a panel discussion exploring the path to market reform in Texas — and how the experiment that Texas undertook more than a decade ago to introduce competition at the retail level appears to be yielding the intended benefits to consumers.
Join the conversation online with #BakerEnergy.
Kenneth B. Medlock III, Ph.D.
James A. Baker, III, and Susan G. Baker Fellow in Energy and Resource Economics and Senior Director, Baker Institute Center for Energy Studies
Executive Vice President of Corporate Affairs, Direct Energy
Pat Wood III
Principal, Wood3 Resources
Executive Vice President and Editor in Chief, Texas Monthly
8:00 am — Breakfast
8:30 am — Presentation