There has been a lot of talk around the town about switching to alternate energy supplies. Whether they actually provide reliable service and can reduce energy costs significantly? It is essential to look back on the revolutionary past of electricity supplier and how customers were able to select their electricity supplier by choice. Through the above infographic image designed by our infographic design agency, we can see that there are 109 million households, 14 million commercial properties and another half million facilities in the United States, are supplied by 3100 electric utilities, who are providing approximately 3 trillion kilowatt-hour of electricity every year to them.
What is Deregulation?
In the late 1990s, the electricity market was deregulated. Many people find it difficult to differentiate between regulated and deregulated market, it can be a challenging concept to understand. In a deregulated market, competitive energy suppliers have entered the markets to provide consumers with energy products. The benefit of a deregulated market is that it encourages competition amongst the suppliers, which results in lower prices and a chance for customers to search better deals. Deregulation in the United States, is being conducted on a state-by-state basis which makes it tricky for people to determine whether their state has deregulated electricity. Through our creative infographic designed by our infographic design agency which has artistically displayed how deregulation has taken place in over 13 states of the country, and it can be observed that more and more states are adapting this mechanism. Deregulation allows customers to self-pick the supplier from which they want electricity, depending on the affordability. Deregulation has also given rise to innovative to alternative energy products to attract more and more people.
Impact of Deregulation
With the above infographic crafted by our infographic design agency, it vividly displays through a combination of striking colours how different states have been deregulated and those who haven’t. Deregulation in different states means different things. The option to choose a suitable electricity supplier may not be as easy as it sounds. People usually assume that the most important factors reflect the price but there are many factors to consider while selecting an electricity supplier. People need to conduct adequate amount of research on their desired supplier’s reliability, availability of state license, load management and any additional fees that they might be charging.
Important Questions to ask Suppliers
For further assistance the infographic image designed by our infographic design agency clearly depicts the various terminologies and their description to provide an easy understanding of common terms usually seen on bills.
Benefits of Deregulation
This infographic designed by our infographic design agency has visually displayed colourful and lively statistics to support the factual information provided within. It has successfully demonstrated interesting pictorial images which have explained information which otherwise would be dull and boring if written.
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