Customers in deregulated electricity markets are embracing the competitive opportunity and choosing to go with third party suppliers, according to two recent whitepapers published on behalf of the Retail Energy Supply Administration (RESA).
In 14 jurisdictions, about 85 percent of commercial and industrial customers’ load is served by alternative suppliers, and not by the local utilities. In competitive deregulated markets, prices have drastically decreased compared to regulated markets.
By 2018, there was a 24.8 percent difference in terms of price performance between competitive and monopoly states. If the monopoly states followed the same trends as deregulated states, they could have saved their customers an estimated $385 million.
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