Why Regular Energy Just Ain’t Working Anymore Understandig the Business of Energy Industry Deregulation
Think back to your high school history class. It may be hard — or painful — especially if it’s been a few decades, but think back to the lesson or lessons about how the United States was founded, and why it was built on the principles of liberty and justice for all. Although this sentiment was meant for the people and this great country, it also applies to the businesses operating here. The American economic system is known for its capitalist mentality, but it’s also praised for its free enterprise system, which means minimal government in terms of corporate enterprises.
Like other corporations, energy is a big business and an especially important one! After all, it’s how the lights stay on in your home and how you’re able to stay warm and cool throughout the different seasons. However the energy and power industries are rapidly changing due to the trend known as energy industry deregulation. Think of energy industry deregulation as a kind of free enterprise system for energy suppliers and power suppliers, as well as renewable energy companies.
In years past, the government and it’s authorities worked closely on an individual level with local utility providers in an effort to give business and home owners a single, standardized solution for their power and utility needs. Many power and utility companies found these kinds of restrictions to be very stifling and unnecessarily restrictive. The silver lining was that this tight control allowed the industry to stabilize and it helped to establish a significant infrastructure during the early twentieth century. As much as this system was necessary back in those days, fast forward to today, and many find it outdated and impractical.
New government legislation prevent alternatives to the most basic ways of how energy is transmitted and delivered, while simultaneously allowing new, alternative energy companies to enter the market. This restructures the entire energy industry, and home and business owners are the ones that are missing out the most.
While the basic concept of energy industry deregulation is fairly simple to understand, it’s easy to see how it’s dynamics can be confusing, especially since it’s likely that your local power or utility provider isn’t necessarily motivated to highlight the alternatives or benefits. As such, you may not even know what your options are and could be missing out on some serious savings. For the most part, consumers appreciate energy industry deregulation because it makes room for more sustainable, and innovative companies to serve their needs in a more efficient and affordable way.
Here are a few things you need to know about energy industry deregulation and how it can benefit you.
Save money on your gas and power utility bills each month Who doesn’t like to save money? No one! After a while, your monthly utility expenses can add up, so it’s important to find ways to save anyway you can. As previously stated, the United States of America praises capitalism, and one of the most fundamental tenets of that is competition in order to drive prices down and keep them fair. Thanks to energy industry deregulation, alternative power companies can enter a deregulated market and win new customers over by offering lower, more affordable rates for service.
Energy deregulation means more green for your pocket but it’s also greener for the earth and better for the environment. Sustainability and environmental responsibility is on the minds and in hearts of many American households and individuals nowadays, perhaps more so than ever. Deregulation can help you with this by making your electricity and gas greener! As a whole, most alternative power suppliers seek out the most environmentally friends power sources to protect the environment whilst serving the needs of their customers.
No service interruption
It’s important to keep in mind that deregulation of power only affects it’s supply or where the energy actually comes from, not how it’s delivered or distributed to you. If — more like when — you decide to make the simple switch, you don’t have to worry about a disruption in service or a power outage. The only thing that will be different is your lower monthly bill!