Deregulation of Electricity | Benefits of the Deregulation of Electricity

Deregulation of Electricity | Benefits of the Deregulation of Electricity


Deregulation of Electricity
Many people are frustrated with their lack of choices when it comes to buying electricity.
In many states, you’re simply relegated to the state run electric company in your
area. What you might be surprised to learn is that some states have stepped in an started
the deregulation of electricty, which means that other electric companies can come in
and offer you their services as well. Unfortunately, power providers are a source of income for
many states and they aren’t willing to allow competition to come in an upset the apple
cart, so to speak. Benefits of the Deregulation of Electricity
The question that many people have is whether the deregulation of electricity is actually
beneficial. The truth is that there are many benefits to the deregulation of electric companies.
These benefits include: Choices for consumers
Competition brings lower prices Different types of energy from which to choose
Potentially choosing greener electricity options Access to better customer care When it comes to choices for consumers, electricity
deregulation is very important. Without deregulation, you are simply stuck with the company you
have. Even if you’re disgusted with the costs or the level of customer service that
you receive, you have no option but to continue as is. When competition is introduced, you’re provided
with the ability to choose another company than the one that you’re with. This can
actually lead to lower prices from your provider and better customer service. When a company
has no competition, they can treat their customers however they want and charge whatever they
want without fear of losing their customers. Deregulation solves this problem overall. Lastly, the more choices you have the more
likely you’re going to be to have choices in the way your power is produced. There are
companies that use wind and solar power for their primary source of power generation.
Other companies use coal while still others use nuclear power. If you have opinions about
a specific type of power source, you can show your support for something better by choosing
the electric company that provides that power. There are some detractors when it comes to
energy deregulation. Some people point to Enron as an example of deregulation gone wrong,
but that’s the exception and not the rule. With appropriate deregulation, you should
have the choices that you want while paying the best prices for your electricity.

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