electricity rates by state and zip code.
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If you live in a deregulated energy market, you have access to alternative electricity rates. Take advantage of long term fixed energy rates when the market is on the rise. Or perhaps look for a short term or variable with the market is on the decline. No matter the current market trends, there is a solution to help you better budget your energy spend.
Learn more about electricity rates in your area below.
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Comparing Deregulated Electricity Rates
If you live in the United States, there’s a chance that your state participates in energy deregulation. In fact, today there are over twenty U.S. states participating in some form of electricity or natural gas deregulation. But how can you compare deregulated electricity rates in your state effectively to know that you are getting a good deal? Do not fret, we’re here to help!
There are many things you should consider before signing up for an electric plan with a supplier in a deregulated state. On the page below, we will advise you on what to take notice of, how to shop for electricity for your home or business, and the different ways you can find the lowest electric rates in your state. Read below to learn more…
Advantages Of Deregulated Electricity:
Whether you live in a deregulated state or you own a business there, you can take advantage of energy deregulation by signing up with an electricity supplier. Many times, electricity rates offered by suppliers can be lower than your local utility’s default electric rates. Here are some of the advantages of electricity deregulation:
Supplier Competition Promotes Lower Electricity Rates
First, because deregulated energy states are free markets, there is electric supplier competition. Unlike regulated states where customers have to buy from the utility company, deregulated states typically have lower energy prices.
Lock-In Long Term Fixed Electric Rates
Next, if you are located in a deregulated state, you have the option to lock-in long term electricity plans for your home or business. Those in regulated states simply pay the going rate set by the utility company.
Energy Innovation And Technology
Energy deregulation also promotes innovation and different energy technologies. Many new companies offering energy efficiency solutions as well as electricity rates have come into existence as a result of deregulation.
Economic Growth And Career Opportunities
Last, energy deregulation is great for the economy. It promotes economic growth with new business and even creates many new job opportunities in the community.
How You Can Shop For A Deregulated Electric Rate:
If you are looking to shop for electricity in a deregulated state, then you can follow the instructions below. Shopping for electricity has never been easier! Before sites like this one, customers had to rely on offers in the mail or other salesman to find electricity rates in their states. Now, you can browse the top electric offers by entering your zip code or by searching in your state or utility. Shopping for a power plan is as simple as:
- Enter Your Zip Code: Start by entering you zip code in the search bar at the top of this page.
- Select Your Options: Next, filter the search results by the options you would like to see (more on electric rate options below).
- Choose Your Plan: Then, choose the electric plan that is right for your home or business.
- Enter Your Information & Enroll: Finally, you will be prompted to complete your utility account and customer information and then you will be enrolled in your new electricity rate plan.
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What You Need To Know About Electricity Deregulation
If you want to know more about how energy deregulation works, you’ve come to the right place! Starting in the late 1990s, certain states like California and Texas, began breaking up their utility company monopolies in favor of electricity deregulation. By 2010, many other states followed and passed legislation allowing energy deregulation. Today, there are many other deregulated energy states, such as Pennsylvania, New Jersey, New York, Ohio, Illinois, Maryland, Delaware, D.C., Connecticut, Massachusetts, Maine, New Hampshire, and more.
In a deregulated state, energy suppliers sell electricity and natural gas to utility company customers over the utility company’s power lines or gas lines. In fact, if you live in a deregulated state and have signed up for a third-party electricity rate, many times the supplier’s charges will appear right on your utility bill. The deregulated energy supply chain looks something like this:
Electric Power Plant
First, electricity generation starts at a power plant, solar farm, or wind farm. In regulated states, power generation facilities are often owned by public utility companies. In deregulated states, power plants are owned by third parties.
Next, the electricity comes from the power plant at a very high voltage and is fed onto electric transmission lines. In deregulated states, these transmission lines are operated independently and often referred to as the electric grid.
Then, the power gets to your local electric utility company. This supply chain infrastructure is the same in both regulated and deregulates states. The utilities own the local electric lines and deliver power to consumers.
Electricity suppliers in deregulated states purchase electricity from generators on the wholesale market and resell it to end users over the same transmission and utility lines. Suppliers must hold an electricity supplier license in each state.
Residential customers are connected to the local power lines and get billed by the utility company. In many states, customers can still stay with the utility for supply or they can buy from a third party electric supplier.
Commercial customers, like residential customers, are also connected to and billed by the local electric utility. Commercial customers often elect to purchase electricity from a supplier so they can forecast costs and budgets.
Electricity Supply Contracts 101
There are certain things to know about electricity contracts when signing up with a supplier. You should carefully read the details of your electric plan before signing up, and watch out for these specific items:
- Electric Contract Term: First, if you are signing up for a fixed-rate electricity plan, then your contract will have a term length with a start date and end date. Make sure before you sign up that you are not currently under contract with another supplier or you might get charged a cancelation fee. It is important to know the term before you enroll.
- Total Price Per kWh: Next, make sure you understand your total price for kilowatt hour or $/kWh. Most electric supplier offers are fixed for the contract term and contain all elements of your electric supply. Some states charge special taxes to power suppliers, so you need to know if your rate is inclusive of tax or not.
- Early Cancelation Fees: If you are signing up for a contract, know what happens if you cancel early. Some residential plans do not contain termination fees, but most electric suppliers will charge you for breaking the contract too early. Make sure you know your options before signing up.
- Auto-Renewals: Watch out for auto-renewals in contracts. While we do our best to heavily vet the electric suppliers on our platform, some suppliers will try to sneak in auto-renewal language into the contract that binds you to a new term if you do not cancel in time. If you are stuck in an auto-renewal contract, contact us so we can help you.
Electricity Rates By State
Today, there are fourteen states and territories with fully deregulated electric utilities. Other states like California and Michigan participate in partial deregulation, where only certain types of customers are allowed to shop. We are licensed to do business and offer electricity rates in all fourteen states offering full deregulation. Click on a state below to view electricity rates by state:
Shopping For Residential Electric Rates
There are many reasons to shop for residential electric rates for your house or apartment. In most deregulated states, energy suppliers can offer more competitive rates than your local utility company due to their flexibility. Here are some of the top reasons why our residential customers shop for electric:
First, residential customers need to save money! What would be better than being able to reduce a bill that you have to pay each month? Signing up for a lower electric rate than your local utility is a great way to save. Depending on market conditions, residential customers can save anywhere from 5% to upwards of 30% on their electricity bills. Remember, supplier rates are based on market prices and fixed rates remain fixed even if the market drops lower. In certain cases, your supplier rate could be higher than the local utility offer and you will not save money. So, it’s best to consult an expert if you have questions about an electric plan.
Another great benefit to shopping for a residential electric rate is that you can support the environment. Unlike when you purchase electricity from your local utility company, electric suppliers can offer you 100% renewable energy products. These products are backed by renewable energy certificates that are generated when power comes from green sources like wind or solar.
Perks and Incentives
Some residential electricity providers will offer special perks and incentives for signing up with them. Some of these incentives in the past have included free smart thermostats, LED light bulbs, and even gift cards. Hey, if you have to buy electricity from someone, you might as well go with the company offering you the most perks!
State-Sponsored Electricity Shopping Websites
In most deregulated states, the state’s Public Utility Commission or Board of Public Utilities regulates electricity shopping. Some states’ PUCs even developed state-sponsored electricity shopping websites to help consumers find electricity suppliers. While these websites are certainly a benefit to the public, there are some pitfalls. For example, most electric suppliers with a license are able to display rates on these sites. But, not all electricity suppliers are created equal. Unlike our website, that pre-vets suppliers for you, state-sponsored sites could match you with an unscrupulous supplier. It is always advised to do your research before signing up for an electricity rate. Here are some of the top state-sponsored electric shopping websites:
Connecticut’s state electricity shopping website is EnergizeCT
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Shopping For Commercial Electric Rates
If you own or operate a business in a deregulated state, there are many advantages to signing up for a third-party electric rate. Here are some of the top reasons our commercial customers choose the electric plans that they do:
When you purchase electric from your local utility company, you are at the mercy of their standard rate offer. This offer typically changes each month or quarter with the price of the energy market. Signing up with a commercial electric supplier, however, allows business to lock-in an electric price for an extended period of time. This allows commercial organizations to better plan for their future utility costs in the years to come. If the customer is able to lock-in a low rate when market conditions are favorable, there might be savings too.
Production Cost Control
If you operate a manufacturing facility or production plant, then you know that your electricity costs are part of your total cost of goods. In fact, most manufacturers account for electricity as a percentage of the cost to make their product. When you are able to lock-in electricity costs at certain prices and for certain periods, you can better control your production costs.
Many larger and publicly-traded organizations are starting to get judged by their ESG impact. ESG stands for Environmental, Social, Governance and measures how a business manages its community impact, outside of its financial impact. Many business are starting to look for ways to become more environmentally friendly so they can attract investment, customers, and vendors. Signing up for a renewable electricity plan is a great way to contribute to your total ESG score.
Things To Know Before You Sign Up
Signing up with an energy supplier is easy, but there are some things you should keep in mind first before enrolling in that next electricity contract. At EnergyPricing.com, we offer more than just the lowest electricity rates in the country. We strive to give our customers sound advice based on our decades of combined experience in the market. Here are three tips for enrolling in your next electric plan:
1. Check Out The Supplier
There are many electric suppliers in the market offering all sorts of power plans. First, it’s important to know who it is that you are signing up with, and all about their track record. We have seen countless scenarios of suppliers offering very low rates to attract many new customers, yet they change their tune and do not honor the terms of their contract. We recommend only signing up with the most reputable electric suppliers. When you shop electric rates on our site, you can rest assured knowing that we have done this research for you ahead of time and only allow the most reputable suppliers on our site.
2. Make Sure You Can Switch
Next, it’s important to know the status of your electric account or accounts. If you signed up with a supplier in the past, make sure that you are no longer under contract so that you do not get charged a penalty for switching. If your contract is ending soon, make sure to time the start date of your new contract with the end date of your existing contract. If you are with the utility company on default electric supply, then you should be able to sign up for an electric plan at any time.
3. Remember Your Contract End Date
Our final tip is to mark down the end date of your new electric contract. If you sign up on our site, we will remind you before your contract expires so that you can shop for a new rate. Many times, however, electric suppliers will bill you a higher rate than your fixed rate when your contract expires and you remain with them. It is important to know when your contract ends so that you can renew with your supplier, choose a new supplier, or go back to the utility for default electric service.
Frequently Asked Questions
Thinking about signing up for an electric plan, but you have a question? We’re here to help and answer any questions that you might have! Check out some of the more frequent questions we hear from our customers below. Don’t see your question? Contact one of our experts for some help or guidance!
General Questions About Electricity
Questions About EnergyPricing.com
There is no additional cost to use our services. We are paid by our providers when your plan starts. With most plans, we receive monthly payments from providers who are enrolled. We strive to offer competitive plans for your household or business.
Shopping for rates and comparing terms & conditions can at times feel like a daunting task. There are different energy requirements, cancellation fees and different types of suppliers contracts making it even more confusing when comparing rates. With EnergyPricing.com, you can easily compare apples to apples with our energy auctions and know that with our daily pricing you are looking at the all-inclusive fixed-rate option. No surprises.
We work with the nation’s top retail suppliers. We have vetted and been vetted to mutually work with the best. You can feel confident in your energy choices with EnergyPricing.com as your broker.