Electric bill too high? Good news! Energy deregulation in Virginia is IMMINENT and should be available in Virginia within the next few months!

Want to know when competitive rates become available? Submit your e-mail address and we’ll notify you:

What does deregulation in Virginia mean for homes and businesses?

Virginia will soon join other “deregulated” states and marketplaces across the country — places like Texas, Ohio, and Pennsylvania. With deregulation, homes and businesses across Virginia will be able to keep the same reliable electric service (provided by their local/current utility) but it’ll be offered through independent companies called “retail electricity providers.”

What’s this mean for you? Your electric service stays the same — that doesn’t change — but you’ll be able to buy it from a third party company and possibility get better customer service, take advantage of promotions, and get better pricing per kWh.

With a regulated energy market, there’s no competition — your local utility not only creates/maintains the infrastructure to deliver electricity to your home or business, but they also sell it to you and set their rate (following local laws). This is why it may seem like your electric bill only goes up — it’s controlled by a single company leaving you no choice but to pay it.

With electricity deregulation — also known as electric choice — you can choose to go with another provider that works for you and meets the needs and pricing of your home or business. Most markets have dozens of energy providers competing for business, so rates and promotions generally get better for consumers over time in a deregulated market.

On ElectricChoice.com, you’ll seen be able to compare electric rates and plans from energy providers in Virginia. Stay tuned!