Electricity rate

The percentage of customers shopping for alternative energy suppliers has grown in six restructured markets, according to recently released data from state regulators highlighted in Restructuring Today.
 
These new numbers compiled from earlier this year, combined with continued growth in regions across the nation, are the latest evidence competition is working by delivering economic benefits and competitively priced electricity options to consumers.
 

Electricity competition is at an important crossroads in Pennsylvania. Six months ago, rate caps expired in one Pennsylvania utility’s service area, and six months from now rate caps expire in the rest of the state. For the first time, the state’s entire retail market will be open to competitive forces.
 
But already, the success of competition is clear. Wholesale electricity prices are decreasing, and hundreds of thousands of consumers are switching power suppliers to obtain lower-cost electricity than is available from their incumbent utility suppliers.