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A little more than four years have passed since competition was introduced into the retail market for electricity. Although the process of opening electric markets to competition has faced challenges in some states, Texas has avoided the most serious of these kinds of problems.

SB 7 was passed by the Texas Legislature in 1999. It authorized electric competition in the retail segment beginning on Jan. 1, 2002. Recently, my colleagues and I at The Perryman Group analyzed the economic benefits resulting from this transition. We found a lot of positives for the Lone Star State.