Title:Due to the opening of the competitive electricity consumers have a choice.
Due to the opening of the competitive electricity market in many states across the United States, consumers have a choice in energy providers and manufacturers. Similar to the restructuring of other industries many years ago, the energy industry has been restructured in many places in the United States. – PowerPoint PPT presentation
Title: Due to the opening of the competitive electricity consumers have a choice.
1 What Is Competitive Electricity 2
Due to the opening of the competitive electricity market in many states across the United States consumers have a choice in energy providers and manufacturers. Similar to the restructuring of other industries many years ago the energy industry has been restructured in many places in the United States. The unbundling of products from delivery has allowed for expanded customer choice in selecting energy providers.
In some states where deregulation has taken place businesses that have found a niche in utilizing renewable energy sources to generate power are participating in the competitive electricity environment to make alternative choices available to industrial commercial and residential users. This trend towards providing an alternative energy source that is less harmful to the environment is often seen as a sign of responsible corporate leadership and can give energy companies an edge when attracting and retaining long term customers. Some suppliers are collaborating with marketers in the energy sector to develop more environmentally-friendly products and processes.
The effort to sell alternative options is targeted towards consumers who are willing to pay a little bit more for products and services that align with their desire to reduce pollution and environmental damage. Utility companies are recognizing this segment of the population who wish to act in alignment with their principles and are developing technologies strategies and plans specifically for those individuals and corporations that demonstrate this level of commitment. A small premium may be added to your electricity service to offset the expense that may be associated with alternative power sources.
The deregulation of the industry in many communities has created unique opportunities for consumers. Because the laws now allow for a competitive electricity environment consumers are exercising their right to compare offerings from various suppliers. These comparisons are often based on price since the adjusted market lets suppliers set their own price for the product instead of being mandated by federal regulation but other considerations are important as well.
In addition to environmental concerns customers who are exploring these options may also be inclined to research customer service standards payment plans reliability of service and service contracts. When considering a switch from your current utility provider to a competitor it is important to evaluate the experience of reaching the companys customer service department as well as the representatives attitude and knowledge. If you experience poor customer service on the phone or online it would be a wise decision to consider finding another energy provider.
Before making a change from your current provider to another competitive electricity supplier make sure you understand the contract requirements. Many companies offer service based on a minimum commitment that you will remain with that company and will charge fees and penalties for early cancellation of service. Ask about the variety of payment plans that are available and be sure that one is offered that will accommodate your budget and comfort level. While the competitive electricity market has ushered in new companies long-standing companies are also affected. Before selecting a new company check with family and friends to see if they have good experiences with service and response to emergencies.
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