First of all, let us clarify how it was created and what it is all about! A little background information for you to understand. After the passage of the National Energy Policy Act in 1992, Deregulated Energy started to take shape. Exempt Wholesale Generators (EWGs) were created due to this federal Act; this formed the basis for private market competition in the electricity sector.
Order 888 and Order 2000 allowed States to transform regional transmission systems into private companies from which customers could buy directly.
When we talk about Deregulated Energy, we find that it gives consumers the possibility to choose which provider produces or sells the energy supplied to them. Utility companies also own the distribution system, but energy users can now make their own energy choices. People can choose the energy plan that is best suited to their needs.
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Find out the 5 reasons why you should switch to Deregulated Energy:
The most significant reason to enroll in Deregulated Energy is to save money, which is fantastic. What’s more, there are several compelling reasons to switch to deregulated electricity. Let’s see the five main reasons to switch to Deregulated Energy:
1. Deregulated Energy makes you save money
Energy Deregulation has given you the right to select your energy supplier. You may also be eligible for other benefits such as no early termination penalties, discounts, and fixed rates.
Your energy supplier will be on the lookout for better offers and prices to keep you as a customer and avoid losing you.
2. You will help the USA Economy
Apart from offering a lower-cost service to consumers, energy deregulation increases economic growth by eliminating barriers to entry for new companies, increasing competition. When there is more competition in the industry, creativity rises, and market growth increases as businesses compete.
Since the market is free, numerous energy provider deals have generated fierce competition. You, as a customer, stand to gain the most from this battle.
3. It’s much easier for you
Some people oppose deregulated energy because they hate change and feel that moving to a new company will be a lengthy and tedious method. The truth is that switching over is a fast and straightforward operation. You will be able to keep the single bill from your power provider and not have any service interruptions.
Also, several energy companies have secret prices that show up on your bill. With Deregulated Energy, you will get a straightforward bill that tells you exactly what you’re paying for and why. There will be no surprises.
4. Get a Fixed Rate on Electricity
You can decide to keep your energy with the same utility you’ve been within most deregulated states. And when you do, you will be at risk that the price can fluctuate regularly, and will you have no voice in the decision whatsoever.
Have you ever paid an exceptionally high energy bill? It was most likely due to the combination of variable rate pricing and increased consumption.
If you switch to Deregulated Energy, you can choose the rate you want to pay. Fixed electricity rates give you security and protect you from rate changes.
5. Save the planet, go green with Renewable Energy
Many electricity customers are looking for more ways to reduce their carbon footprint and save the planet from home. Deregulated Energy gives you the power to choose your electricity plan and with it comes more control over how much of your electricity comes from cleaner sources like solar and wind.
When you are shopping for electricity plans, you can see how much power is produced with renewable sources. Some plans guarantee as much as 100 percent of the electricity they provide will be green.
So… Do you still have doubts about switching to Deregulated Energy?
Many electricity customers worry that their lights will go off if they choose to switch to an electricity plan through another electricity provider. They may also be afraid that the utility or local delivery company won’t help them in the case of a power outage.
Well, those fears are rumors and urban myths. Your local utility will continue to be responsible for your power lines and utility poles. And they are the company you will call if there is an interruption in your electricity service.
If you have any doubts, you can contact us. We will be delighted to answer all your questions. Contact us!