Deregulation FAQs
Deregulated energy markets throughout the United States can mean substantial cost savings for businesses aware of the opportunities. Tradition Energy makes benefiting from deregulation easy by answering your questions and showing you how our expertise in deregulated energy markets, coupled with our world-class list of energy providers, can help control costs, stabilize energy expenditures and increase profits for your company.
• Will the reliability of my electric or natural gas service change with deregulation?
• What happens if I have an emergency or power outage?
• What has stayed the same in electric and natural gas service with deregulation?
• What has changed in electric and natural gas service with deregulation?
• Does everyone have the option to choose a new electricity or natural gas provider?
• Why use an energy procurement advisor?
• Will I notice a change of service when I switch my energy provider?
• What happens if my energy provider stops serving customers?
Q: Will the reliability of my electric or natural gas service change with deregulation?
A: No. Regardless of which energy provider we help you choose, your electricity and natural gas will continue to be delivered safely and reliably by the local utility company, a company still regulated by the Public Utility Commission.
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Q: What happens if I have an emergency or power outage?
A: Because your local wires company is still responsible for the maintenance and repair of the poles and wires, you will call them in the event of an emergency or outage at the number provided on your bill.
Q: What has stayed the same in electric and natural gas service with deregulation?
A: Your current Transmission and Distribution Utility, continues to deliver electricity and natural gas to your business. Your local utility company still responds to service interruptions and continues to maintain the poles, wires and pipelines. You will continue to receive the same reliable service you are used to with your local utility company, regardless of which energy provider you receive service from.
It’s helpful to think of electricity and natural gas deregulation like the deregulation that occurred several years ago in the long-distance telephone service market. Consumers now have the power to choose the long-distance carrier of their own liking. However, regardless of which long-distance carrier they choose, their phone lines are still provided and serviced by the same local phone company.
Q: What has changed in electric and natural gas service with deregulation?
A: You can now choose to buy your energy from a different provider than the original provider for your area. These companies are called retail energy providers. Additionally, your bill now looks different than bills you have received in the past, but each retail energy provider provides the same standard information.
Q: Does everyone have the option to choose a new electricity or natural gas provider?
A: Unfortunately not. City-owned utilities and member-owned electric cooperatives have the option of giving their customers a choice of providers, or keeping things the same.
Q: Why use an energy procurement advisor?
A: The answer is simple: we save you time and money. Staying in-tune daily with energy markets, providers and new opportunities is a full-time job. With Tradition Energy you can capitalize on the benefits offered by deregulation without committing significant time and resources to understanding the complexity of the markets.
We get to know your business and your specific energy needs. Then we negotiate with energy providers on your behalf to get the best rates and options. After you have an agreement with a provider, we continue to service your business, and in case your needs change we are there to renegotiate new agreements that fit those needs. We do all the work. You receive all the benefits, including no out of pocket costs!
Q: Will I notice a change of service when I switch my energy provider?
A: No. No matter which energy provider you choose, your energy will continue to be delivered safely and reliably by the local utility company, a company still regulated by the Public Utility Commission.
Q: What happens if my energy provider stops serving customers?
A: If this were to take place, you would not be without energy. Your energy provider must give you advance notice to give you time to select a new provider. However, if you do not choose a new energy provider, your service will automatically be switched to another provider for your area. In this case, your energy rate may increase, so it’s in your best interest to find a new provider if yours stops serving you.