Knowing the ins and outs of the deregulated energy market can give you a real advantage when it comes to making smart choices about your electricity. But getting to the point where you’re confident in your knowledge of deregulated energy markets can be a challenge.
Don’t worry, we’re here to help. Here’s everything you need to know about the deregulated energy market so you can navigate it like a champ and save yourself time, money, and hassle.
What does “deregulated energy market” mean, anyway?
Simply put, energy deregulation means that you have a choice in your energy supplier. Before deregulation, consumers were forced to have their energy supplied by the local utility company. This leaves all consumers at the mercy of the utility company for pricing and sourcing of electricity.
Deregulated markets, on the other hand, give you the freedom to choose your energy supplier. You can compare rates, products, sources, and more, to pick the best supplier for your needs.
How do I know if it applies to me?
Energy regulation takes place on a state-by-state basis. As of October 2018, the following states have deregulated electricity markets: California, Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Texas, and Virginia.
This information is subject to change, so be sure to stay up to date on the latest deregulation changes.
What are the advantages of a deregulated energy market?
Deregulated energy markets keep prices competitive, as consumers have a choice in their suppliers. Competition among suppliers keeps the market evolving, as suppliers try to be innovative and efficient in an effort to win business.
Beyond that, deregulated energy markets give consumers the power (no pun intended) to make choices that they can feel good about. You can choose suppliers based on sourcing, products, services, support, and more.
The best part is that you can be always on the lookout for something better. Since you are not tied down to any one supplier, you can switch suppliers at the end of your contract for no fee and with no service interruptions, as many times as you want.
That sounds complicated. Is there a better way?
We get that not everyone has the free time or the desire to research the energy market every year. Some people have tried it and had a hard time due to complicated processes. Others didn’t even know this was a possibility, and seem a little overwhelmed by it all.
If any of that applies to you, don’t worry, there is an easier way. AutoPilot bridges the gap between you and the supplier, to help you navigate the deregulated energy market. It acts as the savviest customer in the market, examining prices, analyzing trends, and making sure you’re enrolled in the best plan when it’s time to switch.
AutoPilot also understands your priorities beyond just price; it makes sure that 50% of your usage is renewable, so you can have the peace of mind of knowing your energy choices are good not only for you, but for the planet as well.
AutoPilot helps you navigate the deregulated energy market like a champ so you can get the same electricity, the same power lines, on the same utility bill, but greener, and at a lower cost.