What is Energy Deregulation?

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Energy Price Choice can help you get lower energy because of deregulation. Energy deregulation has brought competition to the energy industry, driving cost down, but what is energy deregulation? What does it mean for you? Does it affect energy service? How can you benefit from energy deregulation? The following can answer those questions for you.


What is Energy Regulation?

Energy prices remain regulated in many areas across North America. This means that the energy rates and all the processes that get the electricity and natural gas to homes and businesses, is controlled by a governing body. Only the local utility company has the power to sell directly to the consumer. The government or the utility company set the price for electric and natural gas supply and the distribution channels for delivery. Because of this monopoly, consumers have no choice when it comes to their energy provider.

What is Energy Deregulation?

Many states and provinces throughout North America are deregulated. This has allowed competitive energy suppliers to enter the energy market. The suppliers now have the ability to provide a variety of choices for electricity and natural gas service and rates. The energy rates are not controlled by the utility company or the government. Instead the pricing is controlled by the market. The consumer gets the freedom to choose where they receive their energy supply. This competition drives the costs down and the savings go to the consumer.

What Does It Mean for You?

Besides the lower energy rate, not much changes for you. The utility company is still responsible for the distribution of the electricity and natural gas to your homes and businesses, regardless of the energy supplier. The price for the electricity and natural gas supply is not set by the same utility company. You can now choose who you want to supply the energy to your local utility company. In most cases, your current local utility will still bill you. In some areas, you can choose to pay the supplier separately.

Does it Affect Your Service?

Your neighborhood utility company would still provide the power distribution and services. Where the utility company gets the power from is of little consequence. You still get the same uninterrupted energy service, just a lower, more competitive rate on the supply. Same service, better rate.

How Can You Benefit from Energy Deregulation?



The News Explaining Energy Deregulation