Since the Federal Energy Regulation Commission (FERC)......
Today’s re-post is from many years ago and our SafeSourcing Archives
Since the Federal Energy Regulation Commission (FERC) chose to limit its power to wholesale transactions, the road was paved for states to choose how they would allow price competition. This is also known as deregulating, which, means that companies can choose the gas and electric that is used at their business locations. It doesn’t mean eliminating of laws that protect against fraud, but reduces how business is done, thus migrating towards a freer market.
Currently, there are only twenty-six (26) states that are deregulated. A number of those are listed in the chart below.
Online bidding has now become a best practice for energy procurement. By inviting multiple energy suppliers to your specific opportunity being hosted for you by SafeSourcing, all suppliers will be able to quote interactively during a set time which extends until the lowest rates are identified. The method ensures fair and translucent competition, these benefits suppliers who want to win more business and challenges the market to offer aggressive rates.
For more information on how we can help you with your procurement needs or on our “Risk Free” trial program, please contact a SafeSourcing Customer Service Representative. We have an entire customer services team waiting to assist you today.
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