Get the Facts on Energy Deregulation?
In this post I will explain how deregulation can effect you and why you should choose
Independence Energy.
Independence Energy.
Deregulation is the process by which governments remove, reduce, or simplify restrictions
with the intent of encouraging efficiency and competition in markets. Deregulation in the
United States traces its roots to the oil crisis of the 1970s but it took until the late
1990s to put the idea of electricity deregulation into practice.
with the intent of encouraging efficiency and competition in markets. Deregulation in the
United States traces its roots to the oil crisis of the 1970s but it took until the late
1990s to put the idea of electricity deregulation into practice.
Before deregulation, utilities controlled all three components of the energy industry:
generation, transmission and the sale of energy. Deregulation divides those processes,
with different companies having the ability to handle each aspect.
generation, transmission and the sale of energy. Deregulation divides those processes,
with different companies having the ability to handle each aspect.
HOW DOES INDEPENDENCE ENERGY PURCHASE GREEN ENERGY FOR THOSE WHO WANT IT?
Independence Energy looks at your electricity usage and purchases Renewable
Energy Certificates (RECs) worth an equal amount of electricity. One REC is
worth one megawatt hour (mWh) of electricity. The money used to purchase
the REC goes to renewable energy production facilities, such as wind farms,
which in turn supply clean electricity to your local power grid. By purchasing RECs,
a customer directly reduces the country's dependence on electricity
generated from fossil fuels.
Energy Certificates (RECs) worth an equal amount of electricity. One REC is
worth one megawatt hour (mWh) of electricity. The money used to purchase
the REC goes to renewable energy production facilities, such as wind farms,
which in turn supply clean electricity to your local power grid. By purchasing RECs,
a customer directly reduces the country's dependence on electricity
generated from fossil fuels.
ONCE A CUSTOMER ENROLLS, WHEN WILL THEY START RECEIVING THEIR ENERGY FROM INDEPENDENCE ENERGY?
If a customer completes Third Party Verification with more than 20 days left in their billing cycle,
they will be able to start their service with Independence Energy on the next billing cycle.
If fewer than 20 days remain, the utility will not be able to process the switch in time, and the
customer will have to finish their current billing cycle and complete one more before they
switch to service with Independence Energy. This is due to the amount of time it takes for the
local utility to change service from one company to another. Once again, this change is
seamless and will not complicate the ability of a consumer to use their electric service.
Once the change is complete, the customer will notice Independence Energy on the supply
portion of their electric bill, which will still come from the local utility company. This twenty
day switch period also would apply if a customer wished to switch back to their utility from Independence Energy.If a customer wished to end their service with Independence Energy,
they can do so at any time without fees or penalties. All they would need to do is
contact our Customer Service Team at 1-877-235-6708 and notify them of their
desire to switch.
they will be able to start their service with Independence Energy on the next billing cycle.
If fewer than 20 days remain, the utility will not be able to process the switch in time, and the
customer will have to finish their current billing cycle and complete one more before they
switch to service with Independence Energy. This is due to the amount of time it takes for the
local utility to change service from one company to another. Once again, this change is
seamless and will not complicate the ability of a consumer to use their electric service.
Once the change is complete, the customer will notice Independence Energy on the supply
portion of their electric bill, which will still come from the local utility company. This twenty
day switch period also would apply if a customer wished to switch back to their utility from Independence Energy.If a customer wished to end their service with Independence Energy,
they can do so at any time without fees or penalties. All they would need to do is
contact our Customer Service Team at 1-877-235-6708 and notify them of their
desire to switch.
WHAT WOULD A CUSTOMER DO IF THEY DID WANT TO SWITCH AWAY FROM INDEPENDENCE ENERGY?
If a customer wished to end their service with Independence Energy, they can do so at any time without fees or penalties. All they would need to do is contact our Customer Service Team at 1-877-235-6708 and notify them of their desire to switch.
HOW CAN CUSTOMERS PAY THEIR BILLS?
Customers will continue to receive their electric bills from their local utility companies after their switch to Independence Energy; the only difference is that Independence Energy will appear on the supply portion of the bill. Customers will continue to make one payment each billing cycle to their local utility and are free to pay just as they had before, in any manner their utility company accepts.
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