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How Deregulated Energy Works
There are actually three different kinds of natural gas and electricity companies that work together to supply energy to your home. Generally, you'll be interacting with a "Supplier," "Provider," or "Retail Electricity Provider" (REP for short), which provides retail electric plans to consumers and handles the customer service aspects of your service. Behind the scenes, Local utilities and generators will get the power routed to your home safely and reliably.
Electricity Generators
Electricity Generators build and maintain the power plants that feed power into the electricity grid, which is then sold to Retail Electricity Providers.
Utilities
In deregulated systems, the local Utility Company maintains the meters, wires, poles, and underground cables and pipes (with natural gas) that bring the electricity and natural gas to your home. Utility Companies are also responsible for reading your meter and providing that information to your Retail Electricity Provider (REP).
Retail Electricity Providers (REP)
Retail Electricity Providers provide customer service, billing, and payment functions to you, the consumer. They create different brands, plans, and products to meet your unique lifestyle needs as a customer. They purchase electricity on the wholesale market from the generators and make sure you are properly billed for the amount of electricity you use.
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How to Switch Electricity Companies in ?
Switching Electricity companies is simple and seamless with no interruption in service.
- When is it Time To Switch Your Power Company: Check your electricity company contract's end date, if you're within 45 days you may forward switch, or within 14 days you can switch without penalty. Your retail electric provider is required to notify you at least 30 days before a contract expires.
- Compare electricity rates :If you can find a cheap new rate is dramatically lower it may be worthwhile to switch early and pay the ETF. Lets say youre on a 17 cent rate and youve found a great 11 cent rate. At 2000kWh per month at 17 cents is $340 and 2000kWh at 11 cents is $220. You could save $120 in the first month - so the $60 ETF is worth taking a hit on.
- Switch Electricity Company: Once you find a great electricity rate and want to lock it in, you can schedule a forward switch up to 45 days in advance. Ensure you get proof of switch order and date, (you should get an email) and retain any emails for your records.
Moving? How to Connect Your Energy
You can connect your Georgia gas and Texas Electricity service through this site in minutes. All other deregulated states require that you connect your energy first through your local Utility Company. For example PECO in Philadelphia, United Illuminating in Cleveland, and ComEd in Chicago. Once you connect you energy service you can select a energy supplier to provide you energy supply. In deregulated states like Ohio, Pennsylvania, Illinois, New York, energy companies compete for your business. Just like cellphone, Internet, Insurance and credit card companies that compete for your business. And just like your wireless service, there are plenty of ways that Energy companies can take advantage of you, so we've made it easy. We've selected and recommend the best natural gas and electricity companies and electricity plans
Renewable and Green Energy Options
Up to 30% of the energy produced in the US is from renewable energy resources such as solar, and wind. In fact, Texas produces more green energy than any other state. And is one of the reasons that Texas has some of the lowest electricity rates in the US.
Every energy provider has some green energy in their mix of energy sources. You can see this in the Fuel Mix section of any Electricity Contract.
Many electricity companies have a 100% green / renewable energy plan, where 100% of the energy you buy supports renewable energy generators. Some electricity companies are exclusively green, where every plan is 100% green and prices and rates support 100% green energy and renewable generation.