If you were told that you could reduce up to 20% of your energy bill by making a simple change, would you be elated? Skeptical? Uncertain? As a consumer, harboring a bit of suspicion when confronted with such a great deal is only smart. After all, saving up to 20% on your energy bills just sounds too good to be true, doesn’t it? It begs the question: what’s the catch?
Deregulation And Its Effect On Your Energy Bill
Did you know that the number one factor that hurts the finances of people and small businesses is the cost of energy? If you are in a position where you are finding it exceedingly difficult to keep up with the cost of energy, then it is high time for you to make some drastic changes either to your usage, or regarding your supplier. Thanks to the energy deregulation laws that have been implemented in more than a dozen states, consumers of electricity and natural gas can save anywhere from 5 to 20 percent on their energy bill by subscribing to the services of a third party energy supplier.
Has Someone Knocked On Your Door?
People who are not familiar with the concept of third party natural gas suppliers would find it really difficult to understand how this supply system works and how it will save them money on their energy bill. If you reside in any one of the handpicked states where the natural gas deregulation laws have been put into effect, then you probably have come across direct mail pieces or had someone knock at your door offering a third party supplier deal. Rest assured, these people at your door are not scammers. They are basically promoting a gas supply deal that could help you make some significant savings. It’s a simple matter of capitalism, free consumer choice, and supply and demand. The choice is yours by right.
Vista Energy Marketing: A Misunderstood Third Party Energy Supplier
Vista Energy Marketing is one such third party natural gas supplier that has offered deals that can improve consumers’ overall experience with the natural gas supply service. Unfortunately, myths, rumours, and misunderstandings on the internet have made a significant number of consumers believe that Vista Energy Marketing is a scam. To back up those rumours, naysayers have been telling people that Vista Energy Marketing charges extra for the same gas supply that consumers used to receive from PG&E. In order for you to explain why these rumours have no grounds, you need understand how the third party gas supply network operates, and more specifically, the concept of deregulation.
Breaking Away From Local Monopolies
Lawmakers in many states in the US have been making regulation changes for decades, attempting to give consumers a wider choice when it comes to utility providers. These changes are supposed to help consumers receive natural gas and electricity at lower rates than what a local utility could bring to the table. When a state implements a deregulation law, the customers have the option of breaking away from the local monopolies, and accepting offers from third party natural gas suppliers that have great discounts and cheaper rates. As previously mentioned, deregulation has been fully implemented in 16 states. A few other states have partially adopted this new energy supply system.
What Third Party Suppliers Have To Offer
A lot of people believe that signing up with a third party supplier means that you are no long receiving energy from your local utility. This is a misconception. The local utility is still supplying you with natural gas and electricity. The local or state utilities are still in charge of transmission and the power distribution infrastructure. The problem with state utility companies is that they are known to keep their prices fixed for extended periods of time. Sometimes, the prices remain unchanged for a few years. The market rates hardly affect the price set by the local utility company. On the flipside, a third party natural gas supplier is able to base the price of the energy on trending market rates. This provides room for more flexibility and eventually gives the third party suppliers like Vista Energy the opportunity to provide you with gas at a lower price.
Making The Right Choice
Before switching over your natural gas provider, you should always do your homework on them. The point of deregulation was to provide consumers with the choice, and that’s all third party suppliers offer. If you are considering the switch, check out your options, understand how the industry works, and understand how you will be charged. Making an informed will ultimately give you the peace of mind of knowing you made the right decision for you, your family, or your business.