Energy Deregulation
What is Energy Deregulation?
What you should know that can save you money.
How many companies and people, do you think would like to lower their energy costs? I think almost everybody would! Everybody uses energy – it is simply a part of our everyday lives. There is nothing we can do to escape it. Energy deregulation allows us (as businesses and consumers) to choose who we want to supply electricity and natural gas to our local distributor.
This means that everything is delivered in exactly the same way by our local distributor, without any change whatsoever. Service, delivery, and supply all remain the same. The only difference is that we now have a choice to select who our local distributor gets their energy from. This gives us an option to choose to pay a lower price from a competitor.
Most people do not even know that they have an option to pay less for their energy consumption. The theory and purpose behind energy deregulation is to give you and me (“we consumers”) a choice to buy the energy we use and consume from different energy providers. However, if you are like most people, you have never even heard of energy deregulation.
When energy deregulation is available in your state, you become free to choose an alternative energy supplier. In theory, energy deregulation is intended to introduce competition. This competition then creates more competitive pricing in the marketplace. The end result is that when suppliers compete for your electricity and/or natural gas requirements, the consumer always wins!