Over the past three decades, many states have opted to deregulate one or more energy markets. Some states have opted for complete deregulation, while others have only partially deregulated these industries. Consumers in these areas may choose their energy suppliers, possibly saving money in the process or receiving better customer service.
APG&E is one company that is offering deregulated energy services. It competes with others in the industry to bring energy costs down and provide consumers with choices regarding their energy supplier. They may also select plans that cater to their specific needs.
Understanding Energy Deregulation
Consumers must understand that energy suppliers aren’t the same as utility providers. Energy suppliers supply energy, while utility providers deliver it to homes and businesses. In states that remain regulated, energy suppliers act as utility providers and vice versa. In deregulated states, energy consumers receive their electricity from a utility provider, but they have the option to choose their energy supplier.
The Benefits of Deregulation
Consumers often find they save money by switching energy providers. The provider may allow them to lock in a rate for a specified period, so they no longer need to worry about rate hikes. Furthermore, they often offer incentives to encourage people to switch. Each company chooses what to offer customers, and this information should be included in the contract, so review it carefully before making a switch. Why should a company consider making the move to APG&E if they have been with the same utility provider and energy supplier for an extended period?
Residential and Small Business Plans
Residential customers often benefit from making the most of this company because it offers both fixed-rate and variable-rate plans. The consumer can determine which best meets their needs rather than being forced into a one-size-fits-all strategy. Furthermore, they may choose a green energy plan if they wish to support renewable energy sources. Individuals who want to have more control over their energy usage can select a prepaid plan. The company also allows consumers to bundle their electricity and natural gas services.
Small business owners may also wish to consider switching to this provider. They may choose from fixed-rate and index-based plans. However, the business owner must always ensure they have a renewal agreement in place to avoid being charged a month-to-month holdover rate, which can be extremely expensive.
Early Termination Fees
Consumers often worry about early termination fees when switching to a new service provider. Many providers have strict policies in place regarding early termination or cancellation fees. If a company goes out of business or sells, there will be no early termination fee. The owner must provide written notice or proof of the sale or closure within 30 days.
If a residential customer wishes to terminate the contract early, they will be assessed an early termination fee. When calculating this fee, the company reviews the estimated annual usage for the meter and the number of months remaining in the agreement. Consumers who would like to learn more can contact the company for further details.
Deregulation has benefited countless consumers and business owners. However, every person must carefully review the terms and conditions of the contract before signing to confirm they know what they are agreeing to. Those who do so typically find that switching to a new energy supplier is right for their situation. They save on energy bills and can use these funds for other purposes.
