We all know that electricity rates seem to be increasing. Those most affected live in extreme climates found in the Southwest and the Northern states. Prices don’t appear to be getting any cheaper despite a decrease in the price of heating oil and an increase electricity options. Today, you have a wider selection of on-grid and/or off-grid choices like solar and wind that you can install locally to replace or supplement electricity from your local utility.
What can you do to reduce your power rates? Well, if you live in a deregulated state electricity and/or natural gas suppliers can compete for your business whether they are headquartered locally or based in another state — they just have to be licensed in your state. Deregulation of America’s electricity sector began in 1992 under the Energy Policy Act. The Act made it easier for for wholesalers of electricity to compete but not all states have adopted deregulation. Here is a list of states that are deregulated.
List of Electricity Deregulated States for Electricity and Natural Gas
Pennsylvania formerly deregulated in 1997 but employed price controls until 2010 when consumers were first allowed to shop for electricity. The manufacturing sectors largest industry is chemicals. 19% of the state’s economy comes from manufactured product exports. Keeping energy costs low helps companies be competitive with imports and export.
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Ohio passed energy deregulation in 1999 but it was not until 2001 when power customers actually saw competition among multiple suppliers. As of 2017 there are nearly 800 electricity suppliers registered in Ohio consisting of marketers, aggregators, brokers, and generators. Manufacturing represents 12% of Ohio’s workforce (CNN, 2012) or 650K jobs,, a decline from nearly 800K in 2007. Low cost energy could be a win Ohio. It sees itself as a ground transportation hub for the entire country –connecting manufacturers with customers — and low cost diesel fuel makes that profitable while low cost electricity and gas make Ohio manufacturing competitive in the world economy.
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Illinois has been deregulated since 1997. Power suppliers in Illinois are particularly progressive. Consumers can choose companies that offer green technologies, fund local universities and charitable organizations. Billing promotions and long-term contract pricing are popular among suppliers and customers.
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Connecticut has been deregulated since
New Hampshire has been deregulated since
Massachusetts began deregulation in
New Jersey was deregulated in
New York began deregulation in…
Maryland has been deregulated since.
Washington DC was deregulated in…
Rhode Island deregulated in
Delware deregulated in
Georgia deregulated in