What is Deregulation and what does it mean for you?
Since the Texas PUC deregulated, a door opened for other utility service providers to come in and provide lower rates for customers. Our commercial customers have saved an average of 15% by switching to us.
The push for deregulation of natural gas and electric utilities came about when the Federal Energy Regulation Commission (FERC) determined that it should limit it's authority in wholesale generation markets. This decision cleared the way for individual states like Texas to determine the manner in which they should allow retail pricing competition.
Deregulation removes or simplifies the government rules and regulations that restrict the operation of market forces. Deregulation does not eliminate the laws against fraud, however it does take away or reduces the government's control of how business is done, thus moving toward a more free market.
With smart energy management policies and a better understanding of the market place, businesses can save thousands and in some cases millions of dollars in electricity costs over a period of 3 to 5 years.
This means you can now decide which gas and electricity comes into your home or business.
If you would like to know how much you can save by switching to Spike Energy, click here for a free cost analysis.