Deregulation creates choice. Customers in the electric and natural gas markets now have the ability to choose the supplier for their business. Prior to deregulation you only had one choice and no competition. The monopoly on energy made for poor service and high cost.
Following deregulation of the airline and telephone industries, the focus moved to natural gas and electric utilities. Consumers are now able to choose who supplies their natural gas and/or electricity. The utility delivers the energy regardless of who supplies the natural gas or electricity through their distribution system. Additionally, the utility is still responsible for maintenance of the distribution system, billing, meter reading and responding to outages.
Since deregulation came to the energy industry over 10 years ago, almost half of the states have passed major legislation and regulations to restructure their electric power, natural gas, or both.
Benefits of deregulation:
De-regulation ultimately gives businesses and homeowners choice. You have more than one option to receive your energy from. Traditionally energy was generated, transmitted to the utility and through to your home or business. When de-regulation came it opened up the energy market to competition, which increased service and created cost-saving opportunities.
De-regulation may seem complicated but it's actually a straight forward process. First, energy generation companies produce energy using a variety of methods. Second, Nordic Energy Services procures your energy from these various companies. Third, Nordic manages the transfer of that energy from the generation source to a local utility such as ComEd or Nicor on your behalf. Finally, the local utility delivers the energy to your home or place of business and manages any outage or service issues that may arise.