About Deregulation
January 27, 2011
As presented on PSEG website
Before Deregulation
Prior to New Jersey’s restructuring, PSE&G was responsible for generating electricity, transmitting the power to all regions of their service territory, distributing the power to the individual homes and businesses, and billing and service issues. In addition, they were also responsible for all repairs to the electric lines and equipment.
After Deregulation
As a result of the New Jersey Energy Choice Program, the different responsibilities of the utilities were “unbundled” and the power industry was separated into four divisions: generation, transmission, and distribution, and energy services. The generation sector has been deregulated and, as a result, utilities are no longer the sole producers of electricity. The transmission and distribution sectors remain subject to regulation – either by the federal government or the New Jersey Board of Public Utilities. No matter which electricity supplier you choose, PSE&G will continue to service the transmission and distribution sectors of your electricity.
Competition is allowed between companies to provide power at discounted rates and superb customer service directly to customers. These companies are licensed by the state of New Jersey. You also have the opportunity to work with an electricity broker or consultant who can compare different offers and provide additional services to help manage your energy spending.
In most cases, PSE&G will continue to send you your utility bill. So the only thing that changes if you shop for a better rate is that better rate.
Out Perspective
Deregulation has presented a great opportunity for savings in the business sector. If you are a company spending a minimum of $5000 a month on electric and you are not taking advantage of this opportunity, feel free to give us a call and we will present an overview. 856-857-1230
Or, if you would like to know more about deregulation opportunities for your business email george@hbsadvantage.com
HBS has been providing independent deregulated energy management solution to our business clients for over 10 years. We represent all the major deregulated energy providers selling energy in deregulated states.
Visit us on the web www.hutchinsonbusinesssolutions.com
