Cheap power to the people: electricity gets competitive
Energy giant Dominion Retail just offered me an electricity rate of .0874 ($8.74) per kilowatt hour (kWh). That’s pretty good so I sprung for it. Switching electricity suppliers wins me a savings of $6.05 a month based on my July bill and would have been more had inclement weather not prevented switching on our air conditioners. The deliverer of my power National Grid charges 10% more for supply at .09714 per kHh. Welcome to competition to be your electricity supplier. Yes, in the age of deregulation you can decide from a handful of electricity producers and choose the cheapest or even get renewable energy. Surprisingly few people are taking advantage of this option or are even aware of it, but selecting a new electricity supplier is easy. Just Google or Bing “competitive electric rates” in your state and go from there. You’ll still get a single bill from the company that delivers the electricity to your home or business. They won’t change. At the moment, delivery constitutes a third o