New Jersey Deregulation History
NEW JERSEY ENERGY CHOICE
Energy Deregulation gives citizens in New Jersey the power to choose their supplier.
As a result of the New Jersey Board of Public Utilities (NJBPU) bill to deregulate the state’s energy industry for residential customers, the commercial energy market opened up. The goal of the Electric Discount and Energy Competition Act (EDECA) was to enable New Jersey energy consumers to shop around and chose the energy provider that best suited their budget and service requirements. The free-market created healthy competition between providers and has kept prices down while offering better service and reliability to customers.
With competition, energy suppliers sell energy commodities to you and provide functions such as customer service, pricing structure, and billing options. These companies purchase electricity from competing power plants, and electricity is delivered to your home or business over the poles and wires of your local Utility Company.
Energy Providers compete for your business by offering lower prices, renewable energy options, added customer service benefits or other incentives. With energy deregulation, you now have the ability to choose the Provider that best fits your needs. If you do not choose an Energy Provider, your energy service will be provided by a company affiliated with your local wire company
No matter which energy supplier provides your service, the Public Utility Commission continues to enforce customer protections and regulate the delivery of electricity to ensure it is delivered safely and reliably by the local wires company.
Energy Deregulation gives energy consumers the option and the “power to choose” their Energy provider in deregulated markets as permitted by the state public utilities governing body.