When I first heard about energy deregulation, I didn’t know what it means and how it will impact us as consumers. Then I learned that deregulation addresses the issue of monopoly when it comes to providing services. This means that consumers are empowered to choose the company and specific services they need and want.
For example, Cirro Energy is just one of the many electricity providers in Texas. They provide cheap and reliable electricity for residential areas. There is also an energy alternative that is environment-friendly because its pollution free and it’s called Green Mountain Energy. However, there is a premium in switching to this service. Gexa Energy, on the other hand, is one of the most competitive electric companies in the same state. They compete very well with Cirro Energy and Green Mountain Energy.
It is surprising to know why there are so many electric companies in one state alone. I wondered what makes one different from the other. Well, the way they ‘package’ their services are different. One company offers low rates but with usage limits (or quota). Another provider charges more at certain times of the day. That’s why it is very important to study the services through Texas Electric Rate before signing up or switching to another company.