Deregulation is a monumental change for business owners in markets that recognize healthy competition in the electricity supply market.
No More Monopoly
This means you will no longer be at the mercy of monopolistic energy companies. Instead, you will have a choice between highly competitive suppliers. Deregulation allows you to choose the supplier of your electricity, while the delivery of power remains unchanged with your existing electricity company. This results in greater competition among providers and a lower cost to you!
Similar to the telecom deregulation which originated in 1968, competition within the electric industry creates enormous benefits to consumers. Just as you choose which cell phone provider you use or who supplies your Internet service, you can now harness that same Power of Choice for your energy supplier.
Prior to deregulation the utility market in each state was monopolized, meaning that one utility provided all three components of energy service: 1) the supply of the energy, 2) transmission, and 3) distribution. That changed in 1992 when congress passed the National Energy Policy Act, which allowed consumers the power to choose their energy supplier, while the transmission and distribution is still regulated and is the responsibility of the local utility company.
No Interruption of Service
Electricity deregulation only affects the supply part of the business, giving you a choice of which company supplies your power. The company that delivers your power will not be changed, and they will continue to be responsible for maintaining the poles and wires that deliver your power and the meters that measure the amount of electricity consumed. They will still be responsible for restoring power if there is an outage. There will be no change in the quality or supply of electricity you are receiving, no interruption of service and best of all–zero switching fees!