In general, deregulation achieves competition, and therefore lower prices to the consumers, by “unbundling” your electric bill into two main components, delivery charge versus generation service charge. That is, electric generators are separated and independent from the utilities, the utilities continue to retain sole responsibility for the natural monopoly functions of transmission and distribution, while you gain the option to purchase electricity at a competitive rate from an electric retailer other than the utilities.
Under deregulation, the utilities will continue to charge for delivery services including transmitting electricity, maintaining the transmission lines, reading your meters, and responding to emergencies; and an electric retailer that you choose will purchase electricity at a competitive rate from generators for you to be delivered by the utilities. In most instances, you also will have the convenience of continuing to receive one single monthly bill from the utilities for both the delivery charge and the generation service charge.
But there is one catch. You will have to ask for it yourself. Otherwise, by default, you will continue to pay the utilities for generation services at their rates and miss out on any savings. Choice Energy is a licensed electric supplier in Connecticut and Maine that provides cost savings in electric generation services for residential customers and businesses. Based on your specific circumstances, you may lower your total electric bill by 10% or more. Depending on market condition, your savings may even be greater.
You can give us a call today at 1-888-565-4490 to estimate your savings based on your usage level and to get your savings started today!