People in some states in the US enjoy a deregulated electricity market, which means they have the power to choose from any of the reliable electric providers in their area. Examples of deregulated states are Connecticut, Delaware, Illinois, Maryland, Massachusetts, New York and New Jersey, among others. To see how deregulation can help lower your monthly bills, here’s a primer on it.
In a regulated electricity market, consumers are forced to do business with only one electricity provider chosen by the government to serve the area. Deregulation breaks this monopoly and allows competition in the market by introducing other electricity companies into the system. Such companies—like the ones endorsed by Expert Energy—may be able to offer products that the initial provider isn’t able to. Fixed rate plans and renewable energy plans are only some of these products.