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Inertia serves Pennsylvania as a third-party commercial energy broker for electricity, natural gas, and solar services.
Pennsylvania has a rich history of energy deregulation, particularly in the areas of electricity and natural gas. The state has been a leader in promoting competition and choice in the energy industry, giving customers greater control over their energy options and encouraging innovation and investment in renewable energy sources.
Electricity Deregulation in Pennsylvania:
In 1996, Pennsylvania passed the Electricity Generation Customer Choice and Competition 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 Pennsylvania, 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 Pennsylvania:
Natural gas deregulation in Pennsylvania began in the late 1990s, following the example of neighboring states such as New Jersey and New York. The state passed legislation aimed at increasing competition in the natural gas industry, allowing customers to choose their own natural gas supplier.
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 Pennsylvania, 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, Pennsylvania'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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