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Inertia serves District of Columbia for electricity, natural gas, and solar services as a third-party distributer.
The District of Columbia's history of deregulation in the electricity and natural gas industries has been relatively recent compared to other sectors. Historically, the city's electricity and natural gas sectors were highly regulated, with a limited number of providers and strict price controls.
However, in the 1990s, the Federal Energy Regulatory Commission (FERC) implemented policies to promote competition and deregulation in the electricity industry. The FERC encouraged states and municipalities to open up their electricity markets to competition, which ultimately led to the deregulation of the industry in many states, including Maryland and Virginia.
Washington D.C. followed suit in 1999 with the passage of the Electric Industry Restructuring Act, which allowed for the deregulation of the electricity industry in the District. The law required the creation of a competitive market for electricity generation and supply, which allowed for the entry of new providers into the market and gave customers more choices in terms of pricing and services.
In 2000, the District also passed the Natural Gas Competition and Consumer Protection Act, which similarly opened up the natural gas market to competition. The law required the creation of a competitive market for natural gas supply and allowed customers to choose their natural gas supplier.
These deregulatory efforts have led to increased competition in both the electricity and natural gas industries in the District of Columbia. As a result, customers now have more choices in terms of service providers and pricing plans.
However, it's worth noting that despite these efforts towards deregulation, Washington D.C.'s energy market is still subject to some regulation, particularly in terms of safety and reliability standards. The D.C. Public Service Commission oversees the energy market in the District, ensuring that providers meet safety and reliability standards and that customers have access to affordable and reliable energy services.
In conclusion, the District of Columbia's history of deregulation in the electricity and natural gas industries has been relatively recent but has led to increased competition and choices for customers. While the market is still subject to some regulation, the move towards deregulation has been beneficial in promoting a more competitive and innovative market for energy services.
Contact us for more information to get set up for cheaper energy you can manage your way!
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