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Deregulation in OhioOhio residents enjoy a deregulated electricity and natural gas market, which means consumers in the state have the right to choose their energy provider and compare electricity costs. A law enacted in 1999 changing Ohio’s electric industry by restructuring the way customers shop and compare for electricity. The law, which took effect on Jan. 1, 2001, provided a five-year market incubation period. During this period, the utility rates were frozen to allow a competitive resale market to develop.
In a regulated energy market, consumers are forced to get their electricity and gas from the local utility company (also referred to as the incumbent). In contrast, consumers that live in a deregulated energy market like Ohio can get their electricity from either the incumbent or any number of alternative suppliers known as Retail Energy Suppliers. Adding Retail Energy Suppliers to the market forces the various suppliers to compete, which can be a powerful advantage for Ohio businesses and consumers. With energy deregulation in Ohio, consumers are now free to seek out not just a lower rate, but also the availability of fixed rate plans, better customer service and even green energy options. Call us now to see how much you can save on your electricity bill. It’s free, easy and no change to your service! Contact us at 1-312-344-1056 or info@ThePowerCompany.com. |
