All business- and homeowners want to reduce their electricity bills, and thanks to deregulation, this may be as easy as switching to a new provider. Energy companies are competing for customers by offering discounts and deals for long-term contracts.
Before making the switch to a new electricity company, it is important to do your homework and find a contract that fits your needs and budget. The Internet is an excellent resource for comparing the options. Residents of Alberta and other provinces in Canada, for example, can use Alberta Energy Providers to find a local electricity provider.
Read on to learn how to save money on your electricity bills:
What Is Electricity Deregulation?
The electricity market in Alberta was deregulated in the 1990s following the success of deregulating the natural gas market. Alberta’s electricity market, like other industries, was opened to a competitive business model.
Different Alberta electricity providers now compete with one another for market share and for customers. This has led to lower prices and a greater number of environmentally friendly energy options.
If you’re not happy with the prices or customer service you’re receiving from your electricity supplier, then you’re free to take your business elsewhere. Essentially, the deregulation of the electricity market in Alberta has made this industry a consumer-driven one, at least on the provincial level.
Options for Budget-Minded Homeowners
There are quite a few Alberta electricity providers, and if price is your primary concern, then you’ll find that there are likely to be several options that fit your budget. At the same time, be aware that simply having the lowest rate on electricity in your area doesn’t necessarily mean that a provider is the right choice for you.
Be sure to do research on the company’s client satisfaction. Watch out for hidden fees, and carefully review contracts before signing.
Options for Environmentally Conscious Homeowners
Price wars aren’t the only benefit of energy market deregulation. Today, it’s much easier to supply your home with electricity from renewable sources without breaking the bank. The demand for “green” energy is growing rapidly, and suppliers have risen to the challenge.
Flexibility is another advantage of the deregulated electricity market. If you’re not crazy about the idea of being stuck in a long-term contract, then find a company that offers short-term or month-to-month agreements. Keep in mind, though, that shorter contracts are usually variable rate plans, so your premiums could rise during the term of your contract. However, the shorter term also means that you’ll be able to switch to another provider quickly if you’re not happy with the rates or service.
Whether you’re looking for the stability of a long-term price protection contract, electricity from renewable sources or the flexibility of a short-term contract, there’s sure to be a company that fits your personal and financial interests. If you’re comparing electricity providers in Canada, then the Internet offers several tools to help you research contracts, energy sources and rates. Visit AlbertaEnergyProviders.com to get started.