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Re: “Did electric bargain leave us in the cold? by Mitchell Schnurman, Sunday Business column.
In his article, Schnurman suggests that the deregulated energy market in Texas has resulted in production levels and prices that reflect the benefits of an unregulated free market. He also implies that preparing for a rare cold freeze would be unacceptably expensive.
However, by comparing Texas retail energy prices to the U.S. average, he obscures the fact that Texas retail prices are actually higher than prices in 22 other states hardly a bargain. He also does not comment on the fact that the complex energy market has resulted in some energy prices having skyrocketed to levels that could bankrupt an average family.