Thursday, July 14, 2016

Summer is upon us and it's going to be a hot one! Before you crank up your AC, take a look at these simple tips for conserving energy this season.


Six Ways to Conserve Energy:

Use a Programmable Thermostat: Did you know that the largest use of electricity in the United States’ residential sector is air conditioning? AC accounts for 19% of electricity use in homes. However, you can save approximately 10% every year on heating and cooling costs simply by using a programmable thermostat.

Replace your HVAC Filters: When an HVAC system is not functioning properly, it must work even harder to keep your home at a comfortable temperature. Replacing the filters is an easy and inexpensive way to keep your system running smoothly. Some energy companies and power suppliers offer incentives for installing high-efficiency systems, so talk to your electric company.

Keep it Shady: Your house doesn't have to be a dark cave, but too much sunlight will heat up your living space quickly. Insulated drapes and blinds will keep the sun at bay, preventing the interior of your home from becoming an oven. This way, you won’t have to crank up the AC at all times.

Use Cold Water/Limit Hot Water Usage: Heating water accounts for up to 18% of a home’s utility bills. You can save energy just by washing your clothes in cold water and cutting down your shower time.

Air Dry Laundry and Dishes: Rather than wasting energy on machine-drying clean clothes and dishes, hang your laundry on a line or drying rack and allow your dishes to dry on their own.

Unplug Chargers and Other Devices: Some chargers and other electronic devices continue to draw power even when they are not in use. Always unplug anything that does not need electrical power at that very moment.

We use a lot more electricity than we realize these days. In fact, U.S. electricity use in 2013 was more than 13 times higher than electricity use in the year 1950.  Fortunately, those who live in deregulated energy markets have options. 


The deregulation of electricity markets gives consumers a choice of energy suppliers. Deregulated energy markets can motivate suppliers to help offer competitive prices and can also allow for the institution of renewable energy companies that provide green energy products. As a result, consumers can help cut costs and do their part to improve the environment, especially during the hot summer months.

Monday, July 4, 2016

The Deregulation of Electricity Markets: A Brief History

Today, 17 states across the nation have varying degrees of deregulated energy markets. In the future, that number is only likely to grow. 
Why is the deregulation of electricity markets such a big deal, and why is it only a relatively recent occurrence? Learn about the history of energy industry deregulation with this quick timeline. 
1935: The Public Utility Holding Company Act (PUHCA)
Congress passed PUHCA during the Great Depression era as part of Franklin Roosevelt's widespread trust-busting campaign. Back then, eight utility companies controlled 73% of the country's electrical grid. The act limited the geographic reach and scope of energy suppliers by putting them under state-by-state regulation.

1978: Public Utility Regulatory Policies Act
This act came as part of the 1978 National Energy Act, which itself was a response to the energy crisis of 1973. In an attempt to promote domestic and renewable energy companies along with consumer-based conservation initiatives, this act enabled non-utility generator companies to produce power -- a small first step towards eventual deregulation.

1992: National Energy Policy Act
The deregulation of electricity markets took another step forward in 1992 with a congressional reform of PUHCA. This act expanded the choices for utility companies in sourcing their energy, which aimed to help smaller utility companies compete with larger ones.

1996: Federal Energy Regulatory Commission Order 888
By 1995, electricity delivery cost from investor-owned utilities averaged seven cents per kilowatt hour; two-thirds of that cost came from electron generation itself. Order 888 from FERC allowed for open competition between energy providers in hopes to drive down energy costs, though jurisdiction still ultimately fell to individual state regulation.

2005: Energy Policy Act
This act finally repealed 1935's PUHCA, which seemed no longer relevant to many. Today, electron generation makes up less than half of the costs of electricity, and open market competition, thanks to the deregulation of electricity markets, continues to have an impact on consumer price, choice, and freedom.

When it comes to the most efficient and cost-effective method of providing your home with energy, the long process of deregulation has only just begun. Find out if your state allows for consumer choice in deregulated energy markets and consider your options today.

Friday, June 24, 2016

New York's Community Choice Aggregation is One Option for Deregulated Energy Markets


Deregulated energy markets can help to lower costs and increase customer service of energy companies and power supplies across this country. Well, where they're legally allowed. Unfortunately, many states are still lagging behind when it comes to deregulated electricity and alternative energy sources. 

One state that does have partially deregulated energy markets, even if many residents are still unaware of it, is New York. In fact, New York recently became the seventh state to implement a community choice aggregation program: Sustainable Westchester Smart Power. 
According to Greentechmedia.com, community choice aggregation (CCA) allows municipalities to buy power in bulk on behalf of their citizens. The goal is to procure cleaner and more sustainable power from renewable energy companies. 

Currently, only about 25% of Westchester County's residents have elected to seek out new sources in the deregulated energy markets. Under this new CCA, the majority of towns in the greater Westchester area (population 800,000 total) will be included in this agreement. Right now, the largest of such CCA programs is in Ohio. 

“As the first community choice aggregation in New York state, Westchester Smart Power holds the potential to transform how consumers purchase, use and choose the energy for their homes and businesses,” Richard Kauffman, chairman of energy and finance for New York state, said in a statement. 

One of the interesting facets of the New York deal is the emphasis on new renewable resources, whereas most deregulated energy markets tend to focus on cost-savings. Average electricity use, which was 13 times more in 2013 than in 1950, costs households approximately $107 per month. In the residential sector, air conditioners account for the biggest use of electricity (19%). 

“If Sustainable Westchester can get private suppliers to bite at a peak demand reduction contract feature, they have created a private-sector solution to a major challenge,” Karl Rabago, executive director of the Pace Energy and Climate Center, said in a statement. “An efficiency solution would address reliability issues, and add substantial economic value with an environmentally beneficial approach.”

Wednesday, June 15, 2016

Is Your Refrigerator Running with Alternative Power Companies? You'd Better Go Catch It

Refrigeration has come a long way since the days of the icebox. Today's typical home refrigerator is 20% bigger than the average one of 1975, even though they tend to cost 60% less now than they did back then. More importantly, though, modern refrigerators use 75% less energy to operate today than they did 40 years ago. 

That's great news for energy-conscious consumers and power suppliers. But is it enough? Overall, U.S. electricity use is now 13 times greater than it was in 1950, and many residential homeowners and energy companies alike are increasingly looking for ways to either decrease their energy costs or minimize their carbon footprint. After air conditioning and water heating -- which account for roughly 19% and 14-18% of in-home electricity use, respectively -- refrigeration is a major contributor to home electricity bills. Think about it: your refrigerator is running all the time and all year round, working to maintain a constant temperature for food storage and safety. 

One solution to further decrease your energy uses or expenses is to invest in alternative electricity for your home. Alternative power companies around the country are working to provide new kinds of energy for old kinds of technologies. While the companies that produce refrigerators are constantly developing new ways to make our most valuable kitchen appliance more efficient in and of itself, we as consumers can also attack the energy problem from a different angle in cooperation with alternative power companies. 
Refrigerators, however, tend to be one of those household items we only think to replace when something breaks or stops working -- not when the latest gadget is introduced. Refrigerator models that are only 10-years-old might be vastly inferior in terms of energy efficiency than new, advanced models. Even so, if your electricity is powered by solar, wind, or hydro energy suppliers, you can rest a little more comfortably knowing that your home is run on renewable sources of energy. 


More energy-efficient appliances coupled with alternative energy sources can mean savings on your electricity bills, too.

Monday, June 6, 2016

Global Monetary Experts Say Deregulation Can Be a Key to Boost Economies

Many believe in the spirit of competition and that it is the cornerstone of any healthy, free market economy. That's what the fight for deregulation of electricity markets and energy suppliers across the country is all about. By allowing competition among residents when it comes to choosing power suppliers, deregulated energy markets can help to lower prices and increase customer satisfaction everywhere it has been implemented. One of the world leaders when it comes to economics and monetary policy recently issued a statement supporting this notion. 

According to MarketWatch.com, the International Monetary Fund (IMF) released their quarterly "World Economic Outlook Report" for April 2016 and one of the biggest suggestions they make is for governments to increase efforts to deregulate various industries. One that they specifically mention is energy suppliers and distribution. 

“A number of advanced economies still have significant room for further deregulation in retail trade, professional services and in a few network industries,” the IMF report reads. “Product market reforms should be implemented forcefully, as they boost output even under weak macroeconomic conditions and would not worsen public finances.” 
The IMF clarified "network" industries as air, rail and road transportation, energy distribution, telecommunications and postal services. 


In fact, despite energy usage being at an all-time high (it was 13 times greater in 2013 than in 1950 in the U.S.), it's fair to wonder if energy industry deregulation has already helped to decrease the cost of generating electricity. According to the Edison Electric Institute, the cost of generating electrons currently accounts for less than half of the price of electricity, compared to 1995 when it accounted for two-thirds. 

Tuesday, May 17, 2016

The Time is Now for Exploring the Benefits of Alternative Energy Suppliers

Why opt for alternative energy suppliers? Many consumers don’t even realize they have this choice. Many states today, however, have a competitive -- also known as a restructured -- energy market. This means that you don’t need to necessarily go with your default, current provider and can instead search among alternatives. 

The Benefits of Alternative Solutions Thanks to Deregulated Electricity Markets 
In most cases, the utility company has a monopoly on distributing electricity to your home if you live within their territory. What you’re not obligated to do, though, is buy electricity from them -- and today, the cost of generating electricity is less than half of what you actually pay for when you get your bill. This can allow you to not only have more control over your budget, but control over your carbon footprint, as well. In certain regions you may be able to opt for energy that comes specifically from water or wind, rather than from coal or fossil fuel. 

The average American household will pay about $107 each month in energy uses -- equivalent to 903 kilowatt hours (kWh). Knowing what your average monthly energy usage is can help when you compare your options for alternative electricity suppliers. Not all companies are the same, and some offers will be better than others based on your individual needs and typical usage. The ideal alternative electricity suppliers for a home will be different than for a business. 

Additional Ways to Cut Down on Your Overall Energy Bill 
Besides looking into your options for alternative electricity companies, how else can you save money on heating and cooling? Most households can save about 10% per year on the cost of heating and cooling, simply by using a programmable thermostat. 

Similarly, it makes sense to invest in efficient appliances, especially if your current appliances are over a decade old. Manufacturers today are often aiming for efficiency for even standard machines, and super efficient models can often be purchased for an extra cost. The average refrigerator sold today, for example, uses 75% energy than a fridge sold in 1975 -- and refrigerators today are both larger, and less expensive to purchase. 

Thanks to the deregulation of electricity markets, consumers have more choices than ever before. Don't put off examining your options -- switching to alternative electricity companies could help save you money every month you live in your home.

Thursday, May 5, 2016

Want to Save on Power Bills While Doing Your Bit for the Environment? Check out Green Energy Suppliers

Comfort and convenience are two of the most important factors people look for in their homes. One of the most important aspects of comfortable home life, one that lets you accomplish your daily life with ease and a modicum of relaxation, is a stable, reliable electric supply. Energy suppliers try their best to ensure that your home remains connected to the grid at all times, and you have all the electricity you need. While competition among power suppliers ensures that electricity usage prices remain within the grasp of many, you can do your part too to ensure that your electricity usage remains environmentally friendly, while cutting down on your energy bills through best practices.

Energy suppliers of today are often concerned with more sustainable, greener practices at the point of manufacture. Consequently, there are a number of alternative electricity suppliers that operate in many areas in America. If you want alternative electricity for your home, all you need to do is to look at local energy suppliers and choose the right people for your needs.

Energy suppliers get the electricity to your home, and then it is up to you to use it in an efficient manner. If you want to explore options of getting your power bills lower, there are a lot of things around the house that you can do to reduce consumption and make the load smaller on a daily basis. When you have gone through the list of local energy suppliers and selected the right supplier for your needs, here are some of the things to ponder about -

Heating - Water heating is one of the areas where major consumption happens in your home, accounting for up to 18% of your total power use. The trick with efficient water heating is to ensure that your heating equipment is new and top of the line, and to maintain it diligently over time. Water heating systems usually consist of a number of different parts, and it is important to have a professional come over every few months and give things a quick look over. Any wear, tear or malfunction needs to be repaired promptly and faulty parts instantly replaced if you want seamless, efficient and optimum performance from your water heating equipment.

Cooling - About 20% of all residential use of electricity in America stems from the use of air conditioning equipment. Air conditioning has become somewhat of a requisite for homeowners, and this is another area where best practices can bring you major savings. Start off by getting air conditioning machines which are tried and tested for their efficient power consumption, and make sure you keep your appliance maintained at all times. With regular servicing, you will not notice much of a dip in the efficiency of your air conditioning with time, and save a little in the process. Also, in most scenarios where homes are fitted with climate control, investing in a programmable thermostat can help you reduce your power consumption by up to 10% on a yearly basis.

Following these simple tips and taking your pick from your local energy suppliers can ensure that you not only keep a tight grip on those power bills, but also encourage and take part in practices that are friendly to the environment as a whole.