What is energy deregulation? For readers who can remember in the 1980's
and 90's when the telecom industry experienced deregulation. It happened because
people got tired of the monopolies held by the industry. The existence of the monopolies
created an environment with little or no competition. The lack of competition created a
scenario of ever-increasing telephone bills. The phone companies charged as much as
they could get away with for their service, since there were no competitors to sell the
same product for less and force the price down. Then deregulation came about and opened
up a whole new world of choices for consumers, at more reasonable prices. Customers
began to switch over to some of the new telephone companies. The new companies were
aloud to use phone lines that were built by the monopolies. There were many new companies
created and the competition caused prices to drop which made allot of consumers happy.
In 1995 deregulation began in Texas. In 1996 deregulation began in New York.
In 2002 customers began to transfer to retail electric providers that they chose. Today,
the Texas market is fully open to competitive pricing by all market participants. The
market consists of power generators, energy delivery companies, retail electric providers
and an independent grid operator. The independent grid operator in Texas is called Energy
Reliability Council of Texas,(ERCOT). ERCOT oversees all aspects of the Texas power grid.
The open marketplace promoted competition and gave retail electric providers the power to
purchase electricity in bulk. This purchasing power meant that the electricity could now
be sold to customers at reduced rates. The customers of the new providers began to get
better customer service as well. Deregulation in New York was similar to that in Texas.
Customers in Texas and New York are now enjoying a savings on there electric and gas bills.
Deregulation of electric service is now happening in other states as well. There are about
18 other states at some level of deregulation at this time. In this healthy, competitive
environment there is more likelihood of attracting investors who will fund new power plants
and alternative energy sources.
This deregulation boom is attracting the attention of another group of people
as well, entrepreneurs. To many, this is an opportunity to become wealthy. The Compare Electricity Supply new electric service providers need people to help them get customers. There are millions
of people paying an electric bill each month and most of them could save money if they
switch over to the new providers. It's a win win situation. The consultants that find
the new customers for the electric service providers are being paid commissions based on
the number of customers they get to switch over. The consultants are also being paid
residual income on each customer that they get to switch over. This system will give
people long term monthly residual income and it may make some people wealthy.
and 90's when the telecom industry experienced deregulation. It happened because
people got tired of the monopolies held by the industry. The existence of the monopolies
created an environment with little or no competition. The lack of competition created a
scenario of ever-increasing telephone bills. The phone companies charged as much as
they could get away with for their service, since there were no competitors to sell the
same product for less and force the price down. Then deregulation came about and opened
up a whole new world of choices for consumers, at more reasonable prices. Customers
began to switch over to some of the new telephone companies. The new companies were
aloud to use phone lines that were built by the monopolies. There were many new companies
created and the competition caused prices to drop which made allot of consumers happy.
In 1995 deregulation began in Texas. In 1996 deregulation began in New York.
In 2002 customers began to transfer to retail electric providers that they chose. Today,
the Texas market is fully open to competitive pricing by all market participants. The
market consists of power generators, energy delivery companies, retail electric providers
and an independent grid operator. The independent grid operator in Texas is called Energy
Reliability Council of Texas,(ERCOT). ERCOT oversees all aspects of the Texas power grid.
The open marketplace promoted competition and gave retail electric providers the power to
purchase electricity in bulk. This purchasing power meant that the electricity could now
be sold to customers at reduced rates. The customers of the new providers began to get
better customer service as well. Deregulation in New York was similar to that in Texas.
Customers in Texas and New York are now enjoying a savings on there electric and gas bills.
Deregulation of electric service is now happening in other states as well. There are about
18 other states at some level of deregulation at this time. In this healthy, competitive
environment there is more likelihood of attracting investors who will fund new power plants
and alternative energy sources.
This deregulation boom is attracting the attention of another group of people
as well, entrepreneurs. To many, this is an opportunity to become wealthy. The Compare Electricity Supply new electric service providers need people to help them get customers. There are millions
of people paying an electric bill each month and most of them could save money if they
switch over to the new providers. It's a win win situation. The consultants that find
the new customers for the electric service providers are being paid commissions based on
the number of customers they get to switch over. The consultants are also being paid
residual income on each customer that they get to switch over. This system will give
people long term monthly residual income and it may make some people wealthy.
