Deregulation of the Texas electricity market

Deregulation of the Texas electricity market
Ever since the discovery of oil at Spindletop, energy has been a dominant force politically and economically within the state.[141] According to the Energy Information Administration, Texans consume the most energy in the nation per capita and as a whole.[142] Unlike the rest of the nation, most of Texas is on its own alternating current power grid, the Texas Interconnection. Texas has a deregulated electric service.
The Railroad Commission of Texas, contrary to its name, regulates the state's oil and gas industry, gas utilities, pipeline safety, safety in the liquefied petroleum gas industry, and surface coal and uranium mining. Until the 1970s, the commission controlled the price of petroleum because of its ability to regulate Texas's oil reserves. The founders of the Organization of Petroleum Exporting Countries (OPEC) used the Texas agency as one of their models for petroleum price control.[143]

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