This story may be of some interest because it critiques a WSJ item that was the subject of a post here in the Forum.
My own critique of WSJ’s piece addressed other factors and simply noted that if Texas electricity prices had risen after deregulation we should try to understand why. The present critique takes up the pricing question directly to reach the conclusion stated in the headline.
Rather than a source of failure, deregulation of Texas electricity markets was an actual success to the extent that lowering prices was the objective. One might argue, of course, that lower prices are an insufficient benefit, but that discussion belongs in a different conversation.