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Report: Residential Electric Choice Customers Paid $48 Billion More Than Default Service Since 2003; $4 Billion More In 2024
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Retail Energy Revealed released a report stating that, "Since 2003, American households have paid at least more than $48 billion extra for
electricity by switching from regulated utilities to competitive retail energy suppliers," for residential electricity
Retail Energy Revealed's report said that, "In 2024 alone, more than 11 million families paid $4 billion more than they would have
paid had they stayed with their regulated utility's electricity."
The report generally relies on EIA 861 data
As discussed further below, the $4 billion figure includes a comparison of residential REP costs in ERCOT to El Paso Electric and Entergy rates in Texas, with such comparison accounting for $2.8 billion of the $4 billion total overpayment
Retail Energy Revealed's report lists the 2024 residential electric costs paid in excess of default service by state as follows:
Retail Energy Revealed's report states, concerning the use of El Paso Electric and Entergy Texas for a comparison of REP rates within ERCOT, that, "while both are in different
RTOs, they offer a fair rate comparison."
Retail Energy Revealed did not include rates from Southwestern Public Service or SWEPCO in the Texas comparison
Retail Energy Revealed's report also lists the average residential rate charged by each retail supplier, by state, for 2024
Link to Retail Energy Revealed's report
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June 8, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
# Of % Avg Total
Resi. Shopper Shopper Shopper
Shoppers Cost Cost Cost
Above Above Above
SOS SOS SOS
DC 28,000 63% $480 $ 13M
IL 934,000 52% $310 $289M
ME 67,000 44% $305 $ 20M
MA 335,000 13% $140 $ 80M
MD 285,000 21% $235 $ 67M
NJ 195,000 38% $350 $ 68M
NY 635,000 53% $335 $210M
OH 630,000 15% $116 $ 73M
PA 1,275,000 24% $240 $300M
TX* 7,000,000 22% $400 $2,800M
*Texas comparison is to El Paso
Electric and Entergy Texas rates
M = millions of dollars
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