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Switching Suppliers Rate Options Energy Savings Programs Overview Then, in 2002, Texas deregulated the electricity market and everybody cheered!  Except that, sure, deregulation opened up the market to competition that may (or may not) have resulted in lower rates, but it introduced a whole host of other issues.  These issues may not have been factors before but now they’re critical when you’re on the look-out for cheap Houston electricity providers. Internet In My Area Irma G. Connected Water Heaters "I think everyone is a little uneasy," said Thomas Brocato, general counsel for the Gulf Coast Coalition of Cities, a group of 36 cities in the Houston area that have banded together on electric utility matters. What is Bitcoin? Cancellation / early termination fees: The return policy. State law requires a three-day rescission period at the start of every plan, and most providers offer a trial period for the first couple months. 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