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RESA Report Says Retail Choice Has Saved Customers $530 Million Since 2008
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Customers in 14 competitive states/jurisdictions saved approximately $530.6 million from 2008 to 2024 (aggregate of all customer classes), compared to pricing trends in monopoly states, the Retail Energy Supply Association (RESA) reported in its 2024 energy trend report, based on the latest U.S. Energy Information Administration (EIA) data.
RESA said that, if the same price trend patterns that occurred in the monopoly states over this period had also prevailed in
the competitive jurisdictions, the hypothetical cost to residential customers in the fourteen choice markets would
have been higher by $161.7 billion
RESA reported that, since 2008, the average power price for all customers (residential, commercial and industrial) in competitive markets increased by 14.3%, compared to a much steeper 46.5% increase for customers in monopoly states.
RESA said that, "The EIA data further confirms that customers in monopoly states may have missed out on more than $776 billion in potential savings over the past 16 years had their price trajectory followed that of competitive states. These unrealized savings include $250.7 billion for residential customers, $322.8 billion for commercial customers, and $189.4 billion for industrial customers. By contrast, consumers in 14 competitive states and jurisdictions saved an estimated $530.6 billion between 2008 and 2024, compared to the pricing trends in monopoly states."
RESA reported that over 16.5 million residential customers received power from competitive retail suppliers last year. This represents 47.1% of the residential load in the 14 energy choice states and jurisdictions where consumers have a choice in their retail energy supplier.
See more details here
"Year after year, the numbers tell a consistent story: competition works," said Tracy McCormick, executive director of RESA. "When consumers have the freedom to choose, they gain access to innovation, competitive pricing and renewable options that meet their needs. Monopoly markets cannot offer that level of consumer empowerment."
"Energy choice is not just about economics, it’s also about progress," said RESA’s president, Edwin Dearman. "Competitive suppliers are leading the way in delivering sustainable energy solutions, helping states meet ambitious clean energy targets. Without competition, those goals become harder—and in many cases, impossible—to achieve."
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October 9, 2025
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Copyright 2025 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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