Energy deregulation is the process of changing rules and regulations that control the electric industry to prevent energy monopolies by increasing competition. This movement gives customers the choice from multiple electricity providers based on the rates or plans they consider best.
In a deregulated market, even though residential and commercial customers can continue to buy electricity from their utilities, customers are empowered to buy electricity from so called alternative retail electric suppliers or competing retail electric providers.
In a deregulated market, the utility remains responsible for transmitting electricity and distributing it to homes and businesses, regardless of which electric provider supplies it.
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The biggest factors that make the cost of energy volatile include: supply and demand, the geopolitical environment, government regulations, economic or extreme weather conditions.
Variable rate plans reflect market. Customers with variable rates are exposed to price volatility. A variable rate plan is better when rates are relatively stable or expected to decrease. Fixed rate plans offer customers a secure rate for their energy or gas supply over a period of time. Such plans are protecting from volatility exposure, giving you peace of mind.
Unless you’re a professional commodities trader, trying to hit the exact core of the market is a smoke screen. At the same time, making an knowledgeable decision about the next direction of the energy markets over the comming years is both possible, with expert help, and certain, to keep your energy costs as low as possible.
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