The COMPETE Coalition, a group of 787 electricity stakeholders who support well-structured competitive electricity markets, released a report this month showing how competitive states have fared better than monopoly states regarding electricity prices. In the report entitled “Evolution of the Revolution: The Sustained Success of Retail Electricity Competition” the study’s authors detail several findings based on imperial data. They include:
- From 1997 through 2014, prices in customer choice jurisdictions increased 4.5% less than inflation while prices in monopoly states increased 8.4% more than inflation.
- From 2003-2013, accounts served by competitive suppliers increased 524% for commercial and industrial (C&I) customers and 636% for residential customers.
- Generation investments in customer choice jurisdictions as a whole outperformed monopoly jurisdictions producing billions of dollars of new, more efficient generation with higher capacity factors than in monopoly states.
The full report can be found here.
