Energy deregulation has been taking place across the country since the late 1990′s. During that time, many states have started to make changes to the regulations in the energy supply and distribution industry to improve competition between power service providers.
Energy deregulation has split the energy industry by dividing the wholesale production of a given energy type from how it is distributed to the consumer. The purpose of the separation is to create a more competitive environment between these energy companies with the overall goal of lowering prices to the consumer. Before deregulation, both natural gas and electricity were distributed by singular companies that both controlled the distribution channels and power generation for energy.
The deregulation of energy has divided the utility company monopolies by separating the production of energy from its distribution. This separation creates more competition and allows customers a choice as to where they purchase their power, whether it be electrical or natural gas.
What this means to you?
The Global energy market is valued at close to $6 trillion dollars, with 1.2 trillion dollars in the US alone. In an ever increasingly competitive world, the opportunities in the energy industry abound. Whether its renewable sources of energy, technological innovations, smart grid implementation, energy efficiency, or energy deregulation, the opportunities to create wealth exist for those that are willing to take action.
While the opportunity to manage your bills with energy deregulation is fantastic, there is also a tremendous opportunity to generate income by helping individuals, small businesses, and large corporations manage their utility expenses by educating them about their energy choices and also enabling customers to choose cleaner energy, made from renewable resources.