Why Missouri Should Embrace Retail Electric Competition in One Graph

Source: Show-Me Institute
by Jakob Puckett

“Since 2008, Missourians’ average retail electricity prices have increased the fourth most in the country. The average retail price of electricity jumped 17 percent in our state over this time period after taking inflation into account. Missourians have little recourse to deal with these rising costs. Missouri’s retail electric markets are monopolized, meaning that each Missourian only has one possible electric service provider. But it doesn’t have to be this way. As I have written previously, thirteen states and the District of Columbia allow customers to choose between competing electric service providers.” (11/23/21)