How to Choose an Electric Provider in a Deregulated Market The deregulation of the energy market has empowered customers to make their own decisions about how to choose the right energy provider for their needs. By having the power to choose, you can save money and get the satisfaction that comes with choosing your own provider. Making a decision about your provider is easier than you think as long as you understand the process. Review Your Energy Usage Knowing how much energy you use is the first key to making an informed decision about your energy provider. There are a few key pieces of information you will want to gather before you choose an energy supplier. â—? Your current rate of energy per unit â—? Your current monthly usage â—? Your estimated monthly budget for energy usage Once you have this information, you can begin to get a clear picture of what you want out of an energy provider. The most important factor is your rate per unit. This information allows you to compare plans and pricing. Compare Plans You can compare plans by looking up providers in your area individually, but an easier way is to use Shop My Power, which compares rates for you. This will save you time and give you the best possible information about providers in your area. Not all providers make their pricing transparent or understandable, which is why a comparison site is so helpful. You won't have to spend hours online or on the phone trying to get the information you need to make an informed choice. You'll be able to break ties with your old provider and take advantage of fluctuations in the price of energy so you can save money while still enjoying reliable service. Why Choose an Alternate Provider? In the past, you could only get energy from the provider that had a monopoly in your area. Without the power to choose, you were stuck with the rates that the provider dictated, and you had no option other than to go without electricity or natural gas service. With deregulation, you have the power to make decisions that make sense for your specific needs. Once you know your current rates and compare providers, you will be able to save money and take advantage of the plans that suit your needs. When you consider switching providers, it is important to educate yourself on what services you pay for now and which options are available as a result of deregulation. Shopping around for the best rate is the most important step you can take to empower yourself to get the best service and prices on the market today.
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