By Bill Peacock
Vice President of Research and Director TPPF
Texas Insider Report: AUSTIN Texas While electricity rates for customers have dropped significantly for Texans in the states competitive electricity market over the last decade Austin Energy has been laying the groundwork for higher rates.
Without the pressures of competition to worry about Austin has continually invested in high cost low efficiency generation such as solar wind and biomass. Those bills are now coming due.
The solution is for the Legislature to open Austin to competition so Austinites dont have to use their hard-earned money to pay for the citys mistakes."
Bill Peacock href=><http://www.texaspolicy.com/staff_member.php?staff_id=30> is Vice President of Research and Director of the Center for Economic Freedom at the Texas Public Policy Foundation.
The Texas Public Policy Foundation <http://www.texaspolicy.com/>
is a non-profit free-market research institute based in Austin.
