Picking your Electricity Supplier
With the current state of the economy many individuals are looking for ways to reduce their bills. As money begins to grow tight a higher concentration of people are beginning to look in new areas of their budgets to find extra cash. Utility bills have a tendency of being written off as something necessary that cannot be changed, but that is no longer the case. Energy audits, home energy monitoring and other resources are available to reduce energy bills substantially. If you have already exhausted every opportunity to lower your energy bill there may be further hope in the form deregulation.
The deregulation of electricity allows for multiple suppliers to compete for the lowest price, creating a free market system. In select deregulated states users now have the ability to shop for their electricity provider. Many users have already shopped around for the best and cheapest rates on car insurance, cable, internet service providers, cell phone coverage and groceries; deregulation allows you to shop for your lowest electric provider as well. If you have already exhausted all other options in your budget it may be time to consider investigating deregulation, many states on the East coast and Texas are deregulated, and the numbers are growing.
As 2010 winds down and 2011 approaches many changes are being ushered in with the dawning of a new year. One of the changes may be your local utility becoming deregulated. One thing to watch out for is higher rates. Deregulation carries with it the removal of government caps on prices; some supplier raised their rates by up to 30% when they became deregulated. One company to consider is one that prides itself in offering lower rates and providing green energy. Viridian energy, available on the East Coast, offers 20-100 percent green energy and adjusts its rate to be lower than the competition. If your utility has deregulated or is about to become deregulated you do not have to accept and pay the higher rates, you can now switch to a new provider. The same principle applies for cell phones, cables, insurance and more, why not for your electricity as well?