Back to list Service & repair Apr 12, 2017 15:28 A Texas Case Study: The Effect of Retail Competition on the Electric Utility Industry The Perryman Group study investigates the effect of retail competition on the electric utility industry. The study demonstrates the benefits of retail electric competition have been significant for the economy of Texas, with better pricing and customer choice, as well as numerous innovations to meet consumer needs. Texas produces an additional $8.3 billion in annual gross product as a result of electricity restructuring. Restructuring has also resulted in 42,300 more direct and indirect jobs than we would have had in a regulated utility model, 16,800 of which are in the industry. Average industry wages in Texas is $98,135, above the national average for the industry. Since restructuring, the Texas electric distribution workforce has grown 426%, almost 9 times the national rate. Texas has gained an additional $328 million in annual state revenues, and local governments $113 million. There are over 100 retailers in Texas. Just four significant Texas-based retailers with available filings – NRG, Just Energy, Spark Energy, and Direct Energy – represent over $27 billion in 2016 retail revenues. Find out more about The Perryman Group's findings by downloading the report. For more information contact: Jessica MahaffeyVice President, Corporate Affairs 1-713-877-40521-512-797-7785Jessica.Mahaffey@directenergy.com Direct Energy is one of North America's largest energy and energy-related services providers with nearly five million residential and commercial customers. Direct Energy provides customers with choice and support in managing their energy costs through a portfolio of innovative products and services. A subsidiary of Centrica plc (LSE: CNA), one of the world's leading integrated energy companies, Direct Energy operates in 50 U.S. states plus the District of Columbia and 10 provinces in Canada.