Texas Electricity Market

The Texas Electricity Market is a deregulated system where consumers can choose among various electricity providers instead of being limited to a single utility. Power is generated from sources like natural gas, coal, wind, and solar, then transmitted through an extensive grid to homes and businesses. Prices fluctuate based on supply and demand, with competition encouraging fair rates and innovation. The market is overseen by the Electric Reliability Council of Texas (ERCOT), which manages the grid and ensures reliable power delivery. This setup aims to promote efficiency, diversity in energy sources, and consumer choice within the state.