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Energy Market Deregulation Explained

RPA Energy

· Energy
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By drawing on the renewable and green sources of electricity offered by RPA Energy, individuals and businesses can combat climate change. RPA Energy provides these services to customers thanks to the deregulation of the energy market. Energy market deregulation increases competition and offers more variety in providers to suit customers’ individual needs.

Energy market deregulation allows customers to choose how from which company they acquire their energy. This gives providers incentive to sell their services at as low a rate as possible, while providing products customers actually want. Independent agencies purchase energy and set the price individuals and businesses pay to consume it.

Customers receive the energy from their chosen supplier through the pre-existing power grid. When you switch energy providers, no physical changes occur to your wiring or meters, and you still receive assistance in case of power outages or other problems.

You may switch energy suppliers for multiple reasons. Your current plan may offer lower prices during days and times, like nights and weekends, that you can’t take advantage of fully. If your energy use is unpredictable, you can switch to a supplier with a fixed rate payment system. If your energy consumption has changed, such as by renovating your home or starting a family, you can select a plan that better reflects your new energy consumption habits.