However, the oil embargos of the 70s and shifts in public policy made legislators choose to insert competitive forces into the markets. In some places, like California, it was nothing short of a disaster. But experts paid attention to the challenges in California to adapt in their own markets. Now, many states enjoy the benefits of deregulation with lower prices and more choices including 100 % renewable energy sources.
The first step is shopping around; now that more companies can enter the market we are sure to finds options and plan that fit your consumption profile more accurately, thus transferring into direct savings. Click here to get a free quote for your area.
Well, as of March of 2000 the energy market in Maine was broken up from a single company dealing with production, supplying, and distribution to several companies offering each of these services. However, the same company that delivers your power will remain the same.
While the law fostered the creation of an energy supply market your local utility will still distribute your power as usual (now called a distribution company) which means that even if you switch supplier you’ll never lose power.
While the greatest development in the electric market has been in favor of commercial and industrial consumers there have been some choices added to the market, mostly with “clean energy” options.
They are the company that supplies electricity to Maine´s homes, businesses and industry. They have to be licensed by the Maine Public Utilities Commission (MPUC). Thanks to an open market they have compete with lower prices, renewable energy sources or other incentives.
You will now start seeing CEPs marketing their services directly to small business and homes to help all electric users find a plan that better fits their needs.
Well, if you choose to switch CEP’s you’ll get a chance to look through the “Terms of Service” explaining price, contract terms, resource mix, and emissions. This way you can find what best suits you. This has to be presented to you within 30 of switching CEPs and you have a right to rescind the contractual agreement within 5 days of receiving the “Terms of Service”.