The Basics: The Competitive Energy Market
Learn How Energy Choice Works for Your Business
Since the early days of the 20th century, the energy industry consisted of a large group of regional monopolies—companies that were the only providers of electricity and natural gas supply and delivery for their service areas. These utilities were heavily regulated by the government to protect the customers’ service interests.
Offering Choices for Energy Consumers
Offering Choices for Energy Consumers
Beginning in the mid-1990s, a number of states and provinces passed legislation that deregulated the industry and established competitive energy markets. In competitive energy markets, customers are no longer limited to securing their energy supply from their regional utility. Instead, they can “shop” for their electricity and natural gas supply and choose the provider that provides the electricity or natural gas rate, contract structures, and related services that best suit their business needs.
What Energy Choice Provides
Today, energy choice offers small businesses many options for managing their energy budget. By understanding your choices and the impact of your energy on your business, you can choose an electricity or natural gas contract that supports your goals, budget objectives, and your bottom line.
Ultimately, deregulation empowers consumers with choices. Retail energy suppliers compete for your business by offering competitive by offering lower rates, reliable service, and innovative products and services.
What does energy choice mean for you? Read more.
