I don't think wholesale is a fair comparison. Whether it's a "provider" like we have here, or a government owned utility, or something in between, someone is absorbing that risk. Entergy and Southern Company don't raise their rates every time there is an issue that causes wholesale prices to fluctuate/spike.
A quick Google search tells me the average price for electricity in the US is 16.1 cents per kwh. Highest is Hawaii (44 cents); lowest is North Dakota (10.5). Texas is 14.3. There are 17 states where the average is less than Texas, and quite a few more where the average is just a cent or two higher.
I don't know what other states have a system similar to ours, but it certainly doesn't look like "deregulation" as we know it is a requirement for low energy prices.
A quick Google search tells me the average price for electricity in the US is 16.1 cents per kwh. Highest is Hawaii (44 cents); lowest is North Dakota (10.5). Texas is 14.3. There are 17 states where the average is less than Texas, and quite a few more where the average is just a cent or two higher.
I don't know what other states have a system similar to ours, but it certainly doesn't look like "deregulation" as we know it is a requirement for low energy prices.