The world has become obsessed with climate change and green initiatives . Many that made a great deal of money with telcom deregulation is very attentive.
Most think energy deregulation is going to be the same as tecom deregulation but it is not. As of today, 17 state have it and all are different on how the implement it. Pennsylvania led the way in 1995 as the nation's first state to legislate retail electric market reform. and industrial customers in Pennsylvania will have a true choice for their commodity electric "supply" service. How could that be?
Energy deregulation is different because the electric utility companies own and operate thier own power generation plants. The first order of business was to get the utility company to focus soley on distribution to local markets. The sale of generation facilities typically resulted in high stranded costs for the utility companies (and their ratepayers). As a result, in many areas, the market cost for power (commodity supply service) was set at fixed levels through rate caps that existed for several years or more. . As a result, these markets were competitive in name only.
Now that rate caps have fallen and rates have sky rocketed people need to look to Energy Brokers keep rates and prices down on utilities.
As we all know, telecom is famous for its acronyms and typically has offered a consistent naming convention for its competitive pioneers. No matter where you were in the United States, you knew what was meant by the terms IXC, CAP or CLEC. Common terminology is uncommon in today's retail electric markets, as each state legislature and public utility commission establishes its own version of restructuring and its own lexicon. For example, a competitive supplier in New York is referred to as an Energy Service Company (ESCO). In Pennsylvania, it's an Electric Generation Supplier (EGS). Meanwhile, in Texas, the competitive supplier is known as a Retail Electric Provider (REP)}.
For this complicated world of deregulation, you need Energy Brokers to help find the best situation for your company or home.
Resources:
Energy is What CSMS Marketing, LLC Brokers Do.
CSMS Marketing are Brokers of Energy
Energy Brokers of CSMS Marketing, LLC
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