Energy deregulation is generally a Federal law that creates competition in a market, that is electricity and natural gas, where there was no competition. With no competition there existed a monopoly and elevated prices. Through energy deregulation the purchaser has a choice in order to lower those fixed costs that households, business and commercial entities pay every month, month after month. But this is not the first time a sector was deregulated. This is exactly what happened to the telephone sector back in 1984.
Before that date AT&T was the ONLY supplier of telephone service, local or long distance. The states and the federal government came together and deregulated the telecom industry so as to save money for the consumer because AT&T was the only game in town and could expense what they wanted. There was no choice.
The telecom deregulation created many new firms and an industry which is about $80 Billion per year. Those who capture the growth made a fortune. However, with energy, the actual deregulation has been left up to the stated since 1998. Since then, many states have not wasted any time in implementing energy deregulation. Now, nearly half of the states in the US have deregulated either electricity or gas, and in some stated both. Because of this chance the energy deregulation has opened, there are many firms that are coming online in order to capture this high growth industry that most people are not informed of, and it’s really not a wonder.
In America only, when you and I pay our monthly electricity bills, that totals up to $297 Billion per year. When you include natural gas, that is an enormous $500 Billion yearly payment. On a monthly scale, that is $41.6 Billion we ALL pay every month, month after month. Basically because the alternative is not to pleasant…no electricity or gas. No one wants that because of how we draw on energy in our everyday lives.
Every person needs electricity and natural gas, obviously households but businesses of all sizes and industries, organizations of all kinds, even non-profits. With non-profits, this business can be used as a fundraiser for them in these economic times. So picture, as a company being able to capture cut of those payments on a product that EVERYONE uses. This is not a product that takes convincing or selling in order to be bought. This is a self evident product.
Now imagine being able to present lower rates of electricity and natural gas merely because there is competition in the market place. Most people would get at that if they only knew they had the option of suppliers of that energy. And therein lies the problem. Education. Knowledge. Awareness.
The new services that are emerging up to seize this growth marketplace and sector are eager to dominate the states they are in and the new states that are being deregulated each day and month. In order to capture this new, elevated growth sector, these programs need new affiliates in order to market this opportunity to the public.
With that said, looking at the product, the opportunity and timing, energy deregulation would make a great opportunity for a home based business.
North American Power Independent Representative Chicago Illinois
ibourl.com/qeu
