Electric and gas deregulation began in the late 1990’s creating new competitive markets in several deregulated states offering customers the power to choose the electricity or gas supplier they wanted to use separate from the utility. As deregulation policies passed in each state, the electric and gas utilities were required to “unbundled” the services they had always provided to customers as well as sell off their generation assets and start purchasing power and gas on the wholesale market along side competitive retail suppliers. The utilities became known as Utility Distribution Companies focusing on the delivery or distribution of energy and any maintenance needs and billing services for customers. The power industry was separated into four divisions: generation, transmission, and distribution, and energy services. It is the generation portion that is now deregulated and providing competitive rates to consumers.
In the beginning of deregulation, customers were not able to switch right away as there was not much competition. However, in recent years, the retail energy market has seen numerous competitive suppliers enter the industry experiencing staggering growth and offering a variety of rate plans and services that can save customers a significant amount on their monthly electric and gas bills. Compare rates from competitive suppliers
Deregulation has created several successful competitive markets in many deregulated states with residential and commercial customers saving a great deal of money on their energy costs each month by simply switching suppliers. As more and more customers switch, competition increases which drives down prices benefiting all involved.
In addition to being able to choose your electric or gas supplierThere are several other benefits of deregulation for consumers. There are no fees to switch, generally no cancellation fees, it can save you money versus the utility generation rate (also known as price to compare), you continueto call the utility for any service needs and in most states you will continue to receive one bill.
At Make the Switch USA, we aim to make the process of switching suppliers much easier for customers by providing a detailed comparison of electric and gas plans, rates and suppliers within your state and an easy to use enrollment form to help you make the switch.If you have any questions, please call one of our expert representatives at 888-955-8824.
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