Deregulation
Deregulation has opened the electric market up to licensed independent electric supply companies thereby lowering electricity rates for smart consumers in Connecticut, New Jersey, Pennsylvania and 12 other states. Previously, utility companies owned both the power plants to generate electricity plus the transmission towers, lines and poles to distribute the power to consumers. With deregulation, utility companies cut their power generation plants but held on to all their transmission lines and other distribution assets so they could continue to deliver electricity and service all customers as before.
Deregulation now allows you to select a company like Verde for the supply portion of your electric bill (a cost that is typically 60% or more of the total monthly bill). Your electric supply cost will decrease with Verde's lower electricity rates and your service will not be impacted in any way. The utility will continue to fully service your account and send you one monthly bill. The only change is that your monthly bill will be lower with Verde so join other smart consumers in Connecticut, New Jersey and Pennsylvania now saving money through energy deregulation.