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.
Switching to another electricity provider is easy, with the whole process taking just a few minutes. If you live in a deregulated state, then all you have to do is to identify which providers serve your area. You can do this by heading over to sites like WhiteFence.com and ElectricChoice.com and entering your address. These comparison sites will then show you a list of providers and plans available for you.
Power is still transmitted over the same wires and poles making the switch to a new provider virtually unfelt by you, the consumer. The main thing that will change is from which company your utility bill will come from and how much you will pay for the service. Make sure to compare the different rates and plans offered by the various providers in your area so you’ll be able to enjoy the cheapest rates possible.
Once you’ve chosen a new provider, you can then make the switch online. Within two to six weeks, you can expect your electrical supply to be switched over to them without any interruption in service. Now, the next thing for you to do is to wait for the first bill to arrive, and pat yourself on the back for making a smart choice.
Deregulation forces dependable electricity companies to compete on the basis of price and service. With this, consumers have the freedom to seek out the best electricity rates and services in the market. If you’re not happy with your current provider, don’t you think it’s time to make a switch?