In March of 1998, the state of Massachusetts began using deregulated energy, in an effort to allow residents to choose their own energy supplier rather than use a predetermined one. This decision has proven to be a positive one, and since deregulated energy went into effect, the people of Massachusetts have been enjoying the freedom to choose their own energy providers.
Choosing to deregulate energy has been generally well-received by Massachusetts residents for a number of reasons, one being that it allows people to personally select their energy provider based on their individual budget. Before the state of Massachusetts switched to energy deregulation, energy was expensive and firm, and many people were frustrated that they had to choose the same pre-selected energy supplier as everyone else. Energy deregulation is beneficial not only for the consumer, but for the supplier as well. This is because energy suppliers are forced to compete with one another, thus prompting suppliers to lower their prices in order to offer a more competitive rate to customers. Customers can get a cheaper energy rate, and in turn energy suppliers get more business, proving that energy deregulation is a win-win situation for each party.
In 2008, the city of Boston joined an energy aggregate with other local businesses as a way to save money on energy and get the most from their energy dollars. Since then, many Boston-area businesses have made the decision to switch to aggregate energy, after seeing the success other businesses have had. Many businesses choose to work with energy management companies in order to help manage a number of aspects of their business. Energy management companies can help businesses manage their budget and come up with effective energy solutions to meet the needs of the business. Like energy deregulation, aggregate energy also benefits both the consumer and the energy suppliers, because energy suppliers are forced to compete for a customer’s business, allowing customers to shop around for a more competitive rate.
In addition to all of these things, energy deregulation also allows consumers to choose an energy provider that aligns with their needs and beliefs. An additional benefit of energy deregulation is that environmentally-conscious consumers can shop around for an energy supplier that offers renewable energy solutions at a competitive price. With renewable energy become more prevalent these days, more and more suppliers are creating solutions to meet the growing demand for environmentally-friendly energy options.
The state of Massachusetts’s switch to energy deregulation in 1998 has proven to be a positive move, and many people have been benefiting from it for years. Energy deregulation puts the purchasing power back in the consumers’ hands and ensures that each customer is getting the best possible energy rate.