Deregulation: Separating the Supplier from the Deliverer.
When Connecticut, New Jersey, Pennsylvania and 13 other states deregulated their energy markets, local utility companies in those states were forced to sell their power generation plants. They held on to all their transmission and distribution assets and continue to maintain this infrastructure.
The energy supply industry in these deregulated states was opened up to independent energy companies like Verde Energy USA and thus consumers in these states have the opportunity to choose who they get their power from. Now residents and businesses do not have to accept their utility company (or their price) for electricity supply.
Energy companies like Verde Energy USA provide energy to the community at competitive pricing. This often means they can provide electricity at a significantly reduced rate compared to the utility company’s rates. This in turn can save households and businesses hundreds or thousands of dollars annually depending on their electricity consumption.
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