Deregulation of energy and what you should know.
Updated: Sep 17, 2019
Electricity deregulation eliminates the rules and regulations that restrict companies from selling energy. That makes it easier for companies to enter into the market, which in turn gives you more options of where to purchase electricity and natural gas.
In other words, in a deregulated energy market, you can purchase your energy from someone other than your local utility.
Just like how there’s more than one phone company, more than one cable company, and more than one airline, there are multiple energy companies that compete for customers.
Since deregulation allows multiple vendors to compete for your business, companies will work harder to earn you and keep you as a customer, either by offering better rates, more flexible payment options, or cleaner sources of energy.