AS AN ENERGY MANAGEMENT AND CONSULTING FIRM, WE GIVE OUR CLIENTS AN EDUCATED AND EXPERIENCED VOICE IN THIS COMPLICATED, YET BENEFICIAL DEREGULATED MARKET.
Electricity deregulation began in the mid 1990s. Natural gas deregulation began in the late 1980s. Energy deregulation is done on a state-by-state basis with some federal oversight and regulations administered by the Department of Energy and the Federal Energy Regulatory Commission (“FERC”). Each state has very specific rules and there are different energy markets in each state. Contact OOE to get the details that apply to your location(s) and the expertise that OOE provides.
Businesses are now given the opportunity to purchase the electricity they use from competing electricity suppliers. The local utility no longer has a monopoly covering a geographic territory. Businesses in the utility’s Service Territory can choose to purchase electricity from other sources, but do not have to do so. Nothing else changes. The local utility will still deliver the electricity to you, service the lines, and render the bills. The local utility will continue to be paid by all customers in its service territory a monthly fee (tariff) for the delivery, servicing, and billing functions.
Empirical evidence illustrates that businesses participating in competitive markets, have experienced many benefits including lower prices. Several policy reasons spurred deregulation. One was to attract new sources of human and financial capital to the energy industry so as to spur innovation. Another was to foster the creation of new entities that would play necessary roles in the development of the state and federal energy infrastructures. A third, was to create competition among suppliers that would develop new products and services for consumers. These goals are being met every day in competitive energy markets.
Hover over a State to see the Gas and Power status. Click a State for further detail.