States such as Pennsylvania, where regulators have expressed concerns over the small number of residents opting to switch electricity providers, are reportedly looking to Texas as an example for electric deregulation.

According to the Fort Worth Star-Telegram, Texas' Power to Choose website has at least 70 offers available for North Texas residents looking to purchase electricity for less than 9 cents per kilowatt-hour.

The average across Texas through the month of March was 11.1 cents, according to the Energy Information Administration, which compares to the 12 and 13 cents typically seen throughout Pennsylvania.

"Texas is widely viewed as the most successful state in transitioning to a competitive model," Ritchie Hudson, Pennsylvania's chairman of the Retail Energy Supply Association, told the Star-Telegram.

The news source reports that customers throughout Texas are reaping the benefits of the competitive retail electricity market, as electric bills have remained relatively steady thus far during the summer despite extremely warm weather.

Texas is also benefiting from green energy projects that are cropping up across the state, including recent proposals calling for 200 wind turbines off the Gulf coast, according to The Associated Press.