Energy deregulation allows for people to choose a company to supply their power. Before deregulation, the entire supply and distribution of electrical power was very monopolistic. People were given a rate that they had to pay for all of their energy usage, and had no other options.
Benefits of Deregulation
The shift towards deregulation has helped to create competition in the electricity industry. Electric companies now compete for business with other companies in their state, and homeowners have the option to choose the supplier with the best package and price.
The introduction of a competitive market is meant to help homeowners like you to pay a more affordable price for the valuable energy you need for your home. Energy deregulation is different in every state, so below is some information about energy deregulation in DE and MD.
Deregulation in DE and MD
In Delaware we have the availability to deregulate our electric rates. There are many suppliers available, all with their own unique terms of services. Be sure to check all terms and ask questions to make sure you aren't signing up with something you aren't confident will meet your needs. Some options include: Washington Gas Energy Services, Levco Energy, Delaware Valley Energy Solutions, Cheap Electric Inc., and more!
Some of the customers of these alternative suppliers can save as much as 20 percent! Their rate can drop as low as 9.0 cents per kilowatt hour. That's awesome!
Looking to save even more? Well, how efficient is your home? New plumbing repairs or old, all-yes all-homes can have problems. As air leaks around wires and ducts are a huge contributor, and hardly ever held suspect. There are many other items to consider, and your local energy specialist can identify and correct these problems; making your home more efficient so it uses less energy to keep your home comfortable.
Home Energy Audit
Although energy deregulation can save homeowners money on their monthly energy bills, it is certainly not the only way for them to save! Local energy experts provide home energy savings throughout Delmarva. A great way to start saving is scheduling a home energy audit.
How an Audit Works
During a home energy audit, an expertly trained contractor will perform a series of tests to pinpoint areas in your home where energy loss occurs. After pinpointing the inefficient areas, the energy saving contractor will discuss with you their findings and help you figure out the most effective and efficient way to upgrade your home's overall energy efficiency and comfort.
In addition to saving you money on your monthly energy bills, upgrading your home with energy efficient appliances can find a plumber near me earn you tax rebates to further increase your savings! So don't hesitate!