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.”

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.

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. 

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.

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.

4 Tips to Investing in Renewable Power Sources

Saving money on energy bills is important for everyone. By installing a simple and programmable thermostat, electric bills can be cut by as much as 10%. Over the past few years, more and more people have started to look to renewable energy sources for their power suppliers and as an investment opportunity. If you are interested in either option here are some tips to help you along that path. 

Tips for Renewable Energy Investment 

It is cheaper than people think. Tapping into these to get electricity is becoming easier and easier for people and power suppliers. Solar and wind panels are already being installed on homes and are being used on larger sites. India and China already use renewable energy to power some of their factories. 

Power companies are becoming leaders in using renewable energy. A growing number of companies are looking into renewable energy as a way to fend off any problems that might arise due to fluctuations in the price of power. They also see this as a way to reduce their dependence on government entities. They recognize that any power interruption will hurt their bottom line so they are taking action before governments do. 

Developing counties are where the action is. In countries like the United States, the power grid is pretty stable. The same cannot be said in large parts of the world. The constant threat of a black or brown out has lead many areas to look to renewable power suppliers. That means they are investing heavily in finding and perfecting technology used to create electricity. 

Renewable energy is popular. While some people around the planet may not be as "gung ho" about the prospect of moving from carbon based power to renewable energy sourced. In ares where power suppliers often experience is unreliable, having a backup plan is essential. People see the need for cheaper and more reliable power sources now more then ever. 

People in the United States use about 13 times the power we used in 1950. This has caused a number of new energy suppliers to come into the business of electricity procurement and distribution. This is partly due to the fact that we use appliances and devices that use a lot of power. Our beloved air conditioners can take up nearly 20% of our energy consumption. 

It may be hard for some to grasp how renewable power sources are the future of electrify; but it is imperative for companies and individuals to continue to learn more about these renewable power sources so that we can embrace the newer technologies in our homes and businesses.

Alternative Energy - Now And In The Future

Alternative energy sources such as solar and wind have become more a part of our lives as advancing technology has made them increasingly viable. Energy industry deregulation has enabled these renewable energy companies to enter the market and compete with traditional power suppliers.

But how does it affect us as individuals and consumers? As alternative electricity for your business or home becomes price-competitive, you'll begin to consider the advantages of switching over. In the meantime, there are a number of interim ways to cut your energy costs. One that has become increasingly common is the smart meter. Around 50 million smart meters of them have been installed on homes across the United States. That represents about 43% of total residences.

About 19% of your home electricity bill is the cost of air conditioning. Simply installing a programmable thermostat can reduce that expense by approximately 10% every year. Another major factor affecting how much you pay is your water heater, which accounts for 14 to 18% of your total utility bill. Try turning off its breaker when you're asleep or at work. If that results in significant savings, consider buying a water heater timer.

Usage varies by household, of course, but the average American's monthly electricity usage is 903 kilowatt hours. That translates to a bill of about $107. Before considering alternative energy sources, you'll need to know how much they will save you on an ongoing basis and how long it will take to amortize their cost of installation and/or equipment.

Over the next few years, we can expect to see increasing application of alternative energy sources as our society attempts to wean itself from the use of fossil fuels and coal to generate power. But even now, we should all endeavor to do what we can to reduce unnecessary use of electricity.

It just makes good sense, in terms of both our wallets and our environment.