SocraticGadfly: Texas electric dereg leads to bait and switch

May 13, 2008

Texas electric dereg leads to bait and switch

National Power promised folks electricity at 11 cents a kilowatt hour. Now it’s reneging. And it all appears legal. One customer says not only should he be commended for avoiding a cancellation fee with his previous electric company, but National Power ought to pay him one:
“They want to charge $300 for an early termination fee, but they’re not offering to pay a $300 termination fee,” Tony Wright said.

Hey, Tony, you live in Texas, remember?

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