If you are an individual that keeps up with their state news and heard their state recently deregulated energy, you might be scratching your head at what that means. At first it does not sound like a very good; deregulating means to remove restrictions. However, in this case it can be, thankfully, a good thing. Here is why.
What Is Energy Deregulation?
Deregulation does not always come with negative outcomes, it depends on perspective. Deregulating energy means that you are no longer tied to one energy provider. Imagine if you were buying a cell phone, but you did not want one that came with a crazy amount of bells and whistles; you just wanted a cell phone that could call and text. But, unfortunately, your state only offers a really expensive phone without any other options. Clearly, this can cause issues. Maybe you do not have all the money in the world, or you do not want all the packages that come from a service. Deregulating energy is like giving you the option of choosing a cell phone.
Deregulating energy offers an opportunity for energy suppliers to compete and expand options you might have been interested in but never had the chance to explore. Take renewable energy, for example. If you are an individual concerned with their carbon footprint, some energy suppliers will actually offer renewable energy sources, all the way to 100 percent! This not only fosters energy independence but also, more importantly, energy innovations that might have been hindered by a heavily regulated state.
Who To Consult?
Just like you would consult a lawyer on the laws of the land, an energy consultant is your go-to for any and all energy questions, especially deregulated energy consulting. Energy consultants are equipped to understand your state’s, or area, energy rules and regulations. If you are a business owner, you might wish to rework your energy grid to something more efficient, and renewable. If you are a resident of an area, an energy consultant would be able to tell you, looking through data, if you are getting the best rates and what you can do to change that.
Many consultants even offer energy industry news straight to your email, alerting you to any new changes in laws and regulations. This allows an avenue for deregulated energy consulting on the fly.