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Energy deregulation put the three companies that distribute electricity into a tough situation. Energy deregulation policy froze or capped the existing price of energy that the three energy distributors could charge. [Power Company Near Me] Deregulating the producers of energy did not lower the cost of energy. Deregulation did not encourage new producers to create more power and drive down prices. Instead, with increasing demand for electricity, the producers of energy charged more for electricity. [Electricity Quotes] The producers used moments of spike energy production to inflate the price of energy. [Electricity Quotes] In Electricity Quotes Compare Energy Prices, energy producers began shutting down plants to increase prices. [Electricity Quotes]
Best Electric wants to stop buying and selling electricity. It expects local governments will begin doing some of that and hopes the state can do the rest. The company wouldn’t go anywhere — it would still own the region’s power lines and deliver natural gas. But a state agency would buy out the power contracts the company already signed and become the backup power provider for customers across the region.
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