Electricity deregulation allows residents and businesses choose their own electric rates and companies, and for those companies to stay competitive, but that competitiveness isn’t always a good thing. The companies may often be a part of a monopoly and still attempt to sell you retail electric service in an area that’s deregulated.
The deregulation also allows transmission pole and wires companies to be competitive in states like Pennsylvania and New Jersey where new deals are being made to send power to the Long Island Power Authority, a state owned utility located in Manhattan.
A few of the electric providers in those areas are:
- Jersey Central Power and Light Company
- Neptune Regional Transmission System LLC
- PECO Energy Company (Philadelphia Electric Company)
- East Coast Power LLC
- Hudson Transmission Partners LLC
- Public Service Electric and Gas Company
- Rockland Electric Company
- Atlantic City Electric Company
- Cross Hudson Corporation
- Hudson Corporation’s Transmission Partners are trying to create an electric delivery line New Jersey to Manhattan in order to send New Jersey electric power across state lines to the Consolidated Edison electrical network.
- Pennsylvania and New Jersey will likely have to build more power plants and continue to send power out of state, but the debate continues because what they’ve got now offers local states greater access to power during high demand times, and a brutal economy.
You can check out electric companies and their rates while comparing them to others, right here on the homepage. For further questions or comments, feel free to call us at 1-800-971-4020.