Energy deregulation is a process where the government allows competition in the energy market. It means that you have the freedom to choose your energy provider, instead of being limited to one company for electricity or gas. This can lead to lower prices, better service, and more options for consumers.
Full definition
Energy Shocking: Similar to phone service «slamming,» shocking is the practice of switching energy service without permission in states where
energy deregulation allows for a variety of service providers.
PG&E had been hammered by
energy deregulation in 2000, which led to a statewide power crisis and later, a humiliating trip to Chapter 11 bankruptcy reorganization.
Today — outside of California, with its
botched energy deregulation — the cost of electrical power is only a little higher than historic norms.
This rapid growth is due to an energy tax exemption for green electricity,
green energy deregulation, and successful marketing campaigns.
Though the objective
of energy deregulation is to increase competition, neither the ESCOs nor Con Ed make it particularly easy to shop around.
Energy deregulation, a catch - all term used to describe a series of state laws that gives customers the right to choose their energy provider, is giving customers across the country a chance to save money on their electric bills.