Energy deregulation has opened up the marketplace in a number of states and has enabled consumers to choose from multiple energy providers who now compete for their business.
Before deregulation, consumers did not have a choice. The local utility company purchased electricity directly from power plants and charged the consumer a standard rate for electric service. If a consumer needed electricity and/or natural gas, they had no choice but to purchase it at the standard rate from the local utility company.
In areas where the energy marketplace is still regulated, consumers have only one option when it comes to choosing an electricity and/or natural gas provider (the incumbent). The point of deregulation is ultimately to reduce prices by introducing competition and choice into the market.
You now have the power to choose a different energy company to supply your electricity and natural gas. SpendLessOnUtilities.com provides a number of options for residential consumers and business owners to choose from to find the best rates. Just like shopping for insurance or airline tickets, this website will help you shop for the best energy rates.
In addition, there is also an opportunity to earn money by helping people save money on their utility bills. Click here to learn how.