Electric Deregulation in Texas

MarketWatch:

Texans can look forward to starting the New Year sifting through dozens of electricity plans. Lost among the choices will be substantial savings.

January 1 marks the day Texas tosses aside the "price to beat" pricing mechanism set by its biggest utilities and approved by state regulators and plunges into a fully deregulated retail power market governed by the laws of supply and demand in which generators compete for the nearly six million residential customers who can now pick their power provider.

But the Lone Star state is charging ahead despite backtracking by others.