Retail Energy Supply Association (RESA) Discusses The Benefits OF Retail Energy Competition


Shopping for competitively priced retail electricity and natural gas allows families, businesses and manufacturers to find energy solutions and take control of their energy costs. With multiple energy providers competing to provide electricity and natural gas, homeowners and businesses benefit from access to competitively priced energy products and services provided by suppliers eager to obtain and maintain their customers’ business. Competitive electricity & natural gas suppliers are attentive to their customers’ needs, and  can provide innovative energy solutions tailored to individual customers’ needs and  circumstances.

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Differences From Monopolies

This is fundamentally different from traditional monopoly-protected and price-regulated electricity utility companies, which have no competitors and are guaranteed a profit through complicated and arcane government-derived rate structures. With a government-protected monopoly service territory, a utility company has no incentive to be attentive to customers’ individual needs and circumstances. And with government-guaranteed profits, monopoly utilities have little incentive to cut costs or offer innovative products & services.

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Competition Boosts Renewables & Innovation

Retail energy competition has fostered the development of “green” energy, time-of-use pricing, energy efficiency and demand response programs that allow retail electric customers to participate in competitive wholesale power markets by receiving payments to curb usage during periods of intense demand. Demand response programs help all customers, since it is less costly to curb demand than to build new generation resources to meet peak demand.

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Rise in Competitive Shopping

Increasing numbers of residential, business and industrial customers are recognizing the benefits of competition and choosing to shop for electricity and natural gas. By the end of 2011, nearly 20 percent of all the electricity in America was supplied by a competitive provider, despite the fact that customer choice is available to consumers representing only 44 percent of total U.S. electricity load.


The clear benefits of energy competition, as demonstrated in the states that provide consumers with the right to find energy solutions and choose an energy supplier, is creating growing demand for choice from customers in the states that have maintained the traditional monopoly protected price-regulated system. 


For these articles and additional information about, How Competions Helps Clean Energy Innovations Grow, How Competition Benefits Customers, and details about retail energy in your state, visit www.resausa.org/retail-energy

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ABOUT RESA

The Retail Energy Supply Association is a broad and diverse group of retail energy suppliers who share the common vision that competitive retail energy markets deliver a more efficient, customer-oriented outcome than a regulated utility structure. RESA is devoted to working with all stakeholders to promote vibrant and sustainable competitive retail energy markets for residential, commercial and industrial consumers.

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