04 Apr '12, 3pm

Shopping Around for Electricity Starts to Take Hold: When times are tough, people make sure to shop around for...

Shopping Around for Electricity Starts to Take Hold: When times are tough, people make sure to shop around for...

When times are tough, people make sure to shop around for the best deal to cover essentials. That turns out to hold true not just for food and clothing, but also for electricity. Between 2008 and 2011, the electric load served by competitive retail suppliers has grown 40 percent, according to a new study from Compete Coalition , a group of more than 600 stakeholders who support competition in electric markets. The new information shows far higher rates of switching than many states have seen in a decade , or ever. There are 18 states that offer some form of competition. Texas is still the most competitive state , but others that barely registered in terms of churn rates before 2008 are now seeing rates as high as 75 percent for C&I customers and more than 40 percent for residential. There are still many states, however, that only have limited competition, including Califor...

Full article: http://www.greentechmedia.com/articles/read/competitive-e...

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