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Deregulation now allows the right to electric choice. On your utility bill today you’ll see two charges: a supplier charge for electrical generation which accounts for approximately 60% of your monthly bill, and a delivery charge for delivering the electricity and providing service along the power grid which accounts for approximately 40% of your monthly electric bill. In all deregulated states you have the right to choose a licensed, independent electric supplier for the supply portion of your bill. If you do not specify an electric choice your local utility company will serve as your default electric supplier at a price that can be significantly higher than the price offered by an independent electric supplier.
When you specify a specific supplier as your electric choice in deregulated states your local utility company must provide their lower-cost electricity over its system of power lines and transfer stations while passing along the savings to you. Your local utility company will continue to fully service your account and send you one monthly electric bill…the only change is that your bill will be less. Take advantage of your right to electric choice today.
Electric usage is measured in Kilo Watt Hours (KWH). Small business customers can use 50,000 to 100,000 Kwh or more. Cheaper electricity of $0.01 or $0.02/KWH off your electric supply rate with a good supplier can add up to big savings pretty quickly.
Beware of cheap “teaser” introductory rates that spike after the first month. Your savings by selecting a cheap supplier (ESCO) are all yours to keep. There is no cost to switch to a supplier. Your local utility will continue to fully service your account and charge you the same delivery rate.
Historically, consumers received supply and delivery of natural gas from a single company who had the monopoly franchise for the region in which they lived. These companies bought gas on the wholesale market and sold it to consumers in their jurisdictions according to regulated rates set by the local regulatory agency, an energy board or public service commission.
Natural gas was deregulated in many states. This means that a householder or business can buy gas directly from a supplier at a competitive price -- not just from the gas utility. These utilities, however, continue to have the franchise to distribute gas and charge a regulated fee. Deregulation separates the sale of the gas as a commodity from it's distribution. The product is available at a competitive price and under competitive conditions but the delivery is a standard regulated charge.The U.S. initiated deregulation in the gas industry at the wholesale level in the mid 1980s which resulted in gas prices declining about 35 per cent for large commercial and industrial customers, according to a Harvard University study. Prices for residential consumers changed only slightly.
Cheap Natural Gas
Gas usage is measured in therms. Small businesses can use 30,000 therms a year. Big businesses can use 100,000 therms or more depending on the nature of the business and the climate. A penny or two difference per therm can result in savings of thousands of dollars.