Texas makes up approximately 40% of the total deregulated load around the country. While Texas has had some ups and downs, the outcome of the State deregulating its electricity market has been pretty positive. Some will use California as an example to argue that states are better off being regulated than deregulated. And they might have been right in the past. But many will argue that customers will have the right to choose because it gives them more control over their business’s energy costs. If you are interested in taking advantage of deregulated markets, then check out the tips below.
Monitor which states are either opening up deregulation or are already deregulated. Many businesses have facilities located all over the country. Knowing which states are deregulated and others that are planning to deregulate will help those facilities lower their energy costs when the time is right. This could mean thousands or even millions of dollars in unrealized savings for businesses who are following electric deregulation. States are responsible for deregulating their energy market. This means that different rules and regulations will vary. It is important to know how these rules and regulations vary so that you can take full advantage of them.
Do not fall into the trap of thinking that just because you don’t have any savings right now that you will be better off on the utility rate. Sometimes what will happen is customers will shop their load and decide that the competitive rates are not as good as their utility rate. They then forget to recheck their pricing and they miss out on potential savings opportunities. Some clients think that if they aren’t saving money now, then they won’t be in the near future. At some point whether it is three months from now or a year from now, you will need to make sure that you are looking at competitive rates so that you do not miss the window of opportunity.
Written by Josh Stern, President of JASMAHN Energy Consulting.