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Inertia serves New Hampshire as a third-party distributor for commercial natural gas and solar services.
New Hampshire has a history of being a leader in energy deregulation, particularly in the areas of electricity and natural gas. Deregulation in New Hampshire began in the late 1990s, when the state passed legislation aimed at breaking up the monopoly held by traditional utilities in the energy industry. This led to the creation of a competitive marketplace for energy suppliers and providers, giving consumers more choice and control over their energy options.
Electricity Deregulation in New Hampshire:
In 1996, New Hampshire passed the Electric Utility Restructuring Act, which aimed to increase competition in the electricity industry by allowing customers to choose their own electricity supplier. Prior to this legislation, customers were required to purchase electricity from their local utility company at regulated rates. This gave utilities a monopoly over the electricity market, with little incentive to innovate or reduce prices.
The new law allowed electricity suppliers to enter the market, giving customers the ability to choose between different energy plans, prices, and sources of electricity. In addition, the law mandated that utilities sell off their power plants and divest their generation assets, further promoting competition and encouraging innovation in the industry.
Since the introduction of electricity deregulation in New Hampshire, customers have enjoyed lower electricity rates and greater control over their energy choices. This has also led to increased investment in renewable energy sources, with many customers choosing to switch to green energy options.
Natural Gas Deregulation in New Hampshire:
Natural gas deregulation in New Hampshire began in the early 2000s, when the state passed legislation aimed at increasing competition in the natural gas industry. Prior to deregulation, natural gas was supplied by local utility companies, which held a monopoly over the market and set prices for customers.
The new law allowed natural gas suppliers to enter the market, giving customers the ability to choose between different suppliers and prices. This led to greater competition and innovation in the industry, as suppliers looked for ways to differentiate themselves and offer customers better deals.
Since the introduction of natural gas deregulation in New Hampshire, customers have enjoyed lower prices and greater choice in their natural gas options. This has also led to increased investment in natural gas infrastructure, as suppliers look to expand their networks and reach new customers.
Overall, New Hampshire's history of energy deregulation has been a success, leading to lower prices, greater choice, and increased innovation in the electricity and natural gas industries. As the state continues to promote competition and choice in the energy market, customers can expect to benefit from even more innovative and affordable energy options in the future.
Contact Us for more information to get set up for cheaper energy you can manage your way!
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