Deregulation of energy has not arrived in all states at the same time. Some have enjoyed the benefits of deregulation longer, while others are just starting to get used to the free market. Landing on this page means that you are probably interested in what are the exact deregulation opportunities in your state.
Warren Buffett has been quoted saying "Energy deregulation will be the largest transfer of wealth in history." This phrase has been used many times to describe the meaning of energy deregulation across all states where it is implemented. Even in states where it is just starting out, deregulation creates huge opportunities for both energy users and suppliers.
Deregulation of electricity offers the most options as the number of electricity suppliers is greater than those of gas. There are currently 17 states where you can choose your electricity supplier. The map below reveals all states were negotiating electricity rates is possible.
Those living in Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, Michigan, Montana, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Texas and Washington D.C should be looking for ways to lower their rates.
The list of electricity deregulated states used to be even bigger, but during the U.S energy crisis, some states suspended their deregulation program to avoid an unfavorable electricity price increase.
The advantage presented by the natural gas deregulation lies in the fact that it is available in more states across the U.S. Many states only have a pilot program, but it is will provide you with enough leverage to negotiate a better deal. Keep in mind that gas is not entirely deregulated in some states.
The states with limited deregulation shown below either do not have deregulation in all regions or haven't deregulated different sectors such as industrial or residential. Still, those looking for a chance to reduce their gas expenses, will probably be able to lower their bills if they live in California, Colorado, Florida, Georgia, Illinois, Indiana Kentucky, Maryland, Michigan, Montana, Nebraska, New Jersey, New Mexico, New York, Ohio, Pennsylvania, South Dakota, Virginia, Washington, Washington D.C, West Virginia and Wyoming.
Deregulation of energy has made huge changes to every energy market where it was introduced. In fact, electricity deregulation is now suspended in some states partly because it contributed to the Western U.S. Energy Crisis in 2000 and 2001. Deregulation of energy in California and other states from the region would have looked a lot different if some security measures were set in place.
The lesson has been learned from that incident and now the energy market cannot be unfairly exploited in the same manner. Deregulation of energy in New York for example has thrived and residents and businesses can choose both electricity and gas suppliers. The New York State Public Service Commission oversees it all and makes sure that energy trade is conducted fairly.
Luminext consultants from our New York based office also help out by connecting customers and suppliers. Those who go looking for lower energy rates through Luminext will surely find the best deal in their area. Consulting with us is free of charge and we operate in all deregulated states across the U.S.