In the year 2002, the state of Texas passed a legislation regarding the deregulation of the retail electric industry
. This ended the monopoly of the electric utility industry that has plagued Texas for years. As a result of the deregulation, people now has the power to choose their electric provider and electric companies are now free to enter the market. The deregulation is a success since no change in distribution infrastructure is required.
There are only but positive implications for the passed legislation. Consumers are now able to choose the best deal with regards to electric providers. The switch is so effective that other states began to follow suit. Even until today, Texas is among the states in the US that has the most energy efficient options available.
Deregulation made it possible for small and medium enterprises to flourish more. The cut on their electric bills are so drastic that their business operations now have an edge over the competition. They are able to reduce their energy consumption without having negative effect on the function and operations of the business.
Finding the best provider among all the electricity companies in the market can prove to be challenging. There are so many discounts and deals out there that you have to consider and monitor. In order to help you out with the decision making, do some research whether online or offline. Gather as much information as you can so you have a basis when you have to make a decision.
One setback of electricity deregulation is the emergence of electric companies trying to outwit the consumers. For this reason, the government set up an electricity facts label or EFL. This label has all the standard information for the consumers to take note of so that they will not get ripped off.
In choosing electricity companies, go for the one that already made a name in the industry. Subscribe to a company that is stable and that has affordable rates. Their price should also not be easily affected by sudden price hikes and abnormalities. Aside from the cost, the quality of service should also be considered in choosing the best energy provider.