Deregulation creates choice. Customers in the electric and natural gas markets now have the ability to choose the supplier for their business. Prior to deregulation you only had one choice and no competition. The monopoly on energy made for poor service and high cost.
Following deregulation of the airline and telephone industries, the focus moved to natural gas and electric utilities. Consumers are now able to choose who supplies their natural gas and/or electricity. The utility delivers the energy regardless of who supplies the natural gas or electricity through their distribution system. Additionally, the utility is still responsible for maintenance of the distribution system, billing, meter reading and responding to outages.
Since deregulation came to the energy industry over 10 years ago, almost half of the states have passed major legislation and regulations to restructure their electric power, natural gas, or both.
Benefits of deregulation:
- Choice: pricing, service, contracts
- Elimination of monopolies creating a level playing field
- Better service
- Better pricing
- More jobs and opportunities
- Alternative and renewable energy resources more available
How It Works
De-regulation ultimately gives businesses and homeowners choice. You have more than one option to receive your energy from. Traditionally energy was generated, transmitted to the utility and through to your home or business. When de-regulation came it opened up the energy market to competition, which increased service and created cost-saving opportunities.
De-regulation may seem complicated but it's actually a straight forward process. First, energy generation companies produce energy using a variety of methods. Second, Nordic Energy Services procures your energy from these various companies. Third, Nordic manages the transfer of that energy from the generation source to a local utility such as ComEd or Nicor on your behalf. Finally, the local utility delivers the energy to your home or place of business and manages any outage or service issues that may arise.
What is Green Energy
Green energy is energy that is produced in a matter that has less negative impact on the environment than traditional energy sources. Unlike fossil fuels (oil, coal and gas), green energy is created in a manner that releases very little pollution as a by-product. It is believed that harmful pollutants released by traditional sources has led to global warming, air pollution, land and water pollution.
In an effort to meet the demands of todayâ€™s energy consumption as well as preserve our environment for future generations, more green and sustainable energy sources have been engineered to provide an alternative to fossil fuels. Examples of green energy include:
- Solar Power - Utilizing captured sunlight to generate electricity
- Wind Power - Conversion of wind to energy via wind turbines
- Wave Power - Development of energy through the use of ocean waves
- Geothermal Power - Energy originated from the earthâ€™s core and brought to the surface
- Tidal Power - Energy from the tides is converted to electricity
- Hydro-electric Power - Clean energy created by flowing water through a tunnel or damn, thus creating increased water pressure that drives a turbine and converts it to energy
- Biomass - Created from biological material from living or recently living organisms such as: plants, dead trees, yard clippings, wood chips, garbage, wood, hydrogen and alcohol fuels
As a responsible corporate citizen, Nordic Energy Services takes environmental responsibility seriously. It is important for us to promote and offer sustainable and reusable sources of energy. Using reusable and sustainable forms of energy helps reduce your companyâ€™s carbon footprint and environmental impact.
For more information, speak with your Nordic Energy Services representative or email firstname.lastname@example.org