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Old 06-10-2010, 01:03 PM
 
Location: Little Pond Farm
559 posts, read 1,299,934 times
Reputation: 506

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I don't understand how I can save on my electric and still use and be billed by the same company. Can anyone explain in simple terms what is going on with Energy Deregulation and if you've signed up did you save the money you were told you would?
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Old 10-15-2012, 08:11 PM
 
1 posts, read 975 times
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The idea behind deregulation is that as more company provide electricity, they will compete with each other and the price will drop so even your electric company would have to drop prices to be able to compete.
Hope that helps
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Old 10-17-2012, 09:36 AM
 
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Under NJ law, they split the 2 parts of the system for electric and gas.
The 2 parts for each utility is the "supplier" and "delivery"

Your gas / electric bill has 2 charges, one for supply, one for delivery.

The Supplier is what the change is.
You have now the opportunity to sign up with other electric / gas "suppliers" for their rate.
Depending on the supplier, you may sign a contract for a fixed rate for a year, or a fluctuating rate.
If you lock in a fixed cost, and market rates go up, you win, if you lock in a fixed rate and market rates go down, you lose out.

You may have now, say PSE&G, PSE&G is both your supplier and deliverer.
You have the opportunity to sign up with another supplier

regardless who your supplier is, your electric and gas will follow the same route it does now, wires, pipes etc, using, say PSE&G's pipes and hardware. PSE&G is your "deliverer"


I would think you would have to disect your utility bill very closely to see exactly what will go down and how much, if anything, by signing up with one of these 3rd party companies.
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Old 10-17-2012, 04:58 PM
 
11,340 posts, read 10,120,496 times
Reputation: 14993
Quote:
Originally Posted by casper324 View Post
I don't understand how I can save on my electric and still use and be billed by the same company. Can anyone explain in simple terms what is going on with Energy Deregulation and if you've signed up did you save the money you were told you would?
I am about to try Systrum Energy. They don't require a contract so I can see if I save real dough for a few months.
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