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Switching Energy Providers for Cheap Electricity Rates
1. Switching Energy Providers for Cheap Electricity Rates
The deregulation of the energy system all across the nation now provides cheap electricity
rates to many household and business consumers. Now, many people across the nation
have the power to choose which competitive electricity provider will generate power for
their business or household.
After over a century of regulated monopolies, the deregulation process has created a
competitive market, where low prices, premium service, and various electric plans are
available for millions of households and tens of thousands of companies in the US.
The Benefits of Switching
There are significant benefits to making the switch to a new electric provider. These
include the ability to switch suppliers without any interruption of electrical service, or need
to change the electric meter. The traditional bill will still arrive from the local utility
company that is still responsible for the power lines and meters. In fact, the local utility
company remains responsible for all power outages, and any emergency involving
electricity.
Households and businesses can save significantly on their monthly utility bill by taking
advantage of cheap electricity rates. Many of these providers offer fixed prices, where the
energy consumer can lock in a rate, and pay a flat fee for all the kilowatt hours they
consume over months and years. Alternatively, the same consumer can select a variable
rate, without the need to sign a contract or agreement. However, these prices tend to
2. fluctuate during times when there is a high demand for electricity, or when the cost of fossil
fuels has risen or dropped.
The ability to choose cheap electricity rates from numerous energy providers is offered in
many states in the union. They provide significant benefits to businesses and residents. The
competitive open market has been beneficial to consumers because it naturally drives
down the price of energy.
On average, households and businesses that take advantage of cheap electricity rates can
save significantly – upwards to 20% or more annually. Some states, including Connecticut
and Pennsylvania, are known to have even greater savings than the average.
Switching energy providers to take advantage of cheap electricity rates is a creative way of
budgeting utilities, for many residents and business owners.
Hence, with the power to switch in the hands of the consumers they can now save much of
their dollars spent on utility expenses of their homes or offices every month. By switching
for Cheap Electricity, all the utility consumers can take full advantage of the competitive
energy market of the United States.
Learn more at http://www.shopcheapenergy.com