In early 1999, Ohio’s significant energy needs were fulfilled by Investor-Owned Utilities (IOUs). These investor-owned utility companies were responsible for about 91% of the entire state’s energy requirements. The four largest energy companies accountable for energy supply (generation, transmission, and distribution) at that time were:
Before deregulation, people had no power of choice to make their own choices for their energy suppliers. But this changed drastically once deregulation came into play.
All the energy requirements of the state of Ohio were fulfilled by the IOUs present at that point. But then, in July of 1999, Senate Bill 3 was passed, which gave customers the right to choose their energy suppliers and distributors. This law came into effect in 2001, after which people were free to choose their own energy distributors, suppliers, and the plans that suited their energy needs the best.
While residents can still receive electricity through their local utilities, they get the advantage of also comparing and choosing among different individual energy providers. A survey from 2014 showed that over 59% of the citizens of Ohio had opted out of IOUs, and switched to independent energy suppliers.
There are certain other advantages, such as:
When the energy market is deregulated, you get the chance to reduce your gas and electricity bills. Be it for homes or businesses, a lot of energy can be saved in a deregulated market.
You can reach out to an energy consultant such as Navigate Power and request that they request competitive bids from energy suppliers in our area.
When you are switching from one provider to another, you need not be concerned about the disruption in your services. You will not have to spend a day without gas or electricity.
With the new deregulation laws, you can choose to put your money towards renewable energy like solar and wind energy.
This approach also supports small local energy businesses, which makes for a stronger and more prosperous community.
Since the passing of the energy deregulation law, many different energy companies have come up in the recent past. Some of them are:
Contact Navigate Power today
Navigate Power extends its services to many states in the U.S. such as Ohio, Illinois, Pennsylvania, New Jersey, Delaware, and Texas. We offer our services across many different cities, all you need to do is visit our website (www.navigatepower.com) and contact us to help you find an energy plan that best suits your commercial needs. Our sister company Verde Solutions handles residential requests. The rest will be handled by us!