Energy is something that is easily taken for granted. Choosing an energy supplier was once tasked to the local government. The single-distribution source made it not only possible, but very simple for electric companies to raise energy prices and create a monopoly in their territories.
Deregulation is the ability for you, the consumer, to choose who your energy supplier will be. This not only gives consumers the power to switch distributors whenever they see fit, but forces suppliers to offer competitive rates and differentiate their products to be more marketable. Continue reading