MOUNT VERNON — The deregulation of electric utilities isn’t new but many consumers are still confused by what it means and how it affects the price of their electric service.
Knox County electric customers can look on their monthly statements to see how deregulation and the aggregation plans of Fredericktown and Mount Vernon affect their billing. Electric customers are charged for generation, transmission and distribution services, as well as customer charges, and the new retail stability rider and phase-in recovery rider.
Deregulation means the removal of regulation — short, but not necessarily sweet. Deregulation was intended to increase competition among energy suppliers and bolster a free market atmosphere: More choices for consumers would result in competitive pricing.
“The big challenge with electricity is with the inability to store it,” stated Tyson Slocum, the director of Public Citizen Energy Program in Washington, D.C. The nonprofit, nonpartisan organization is described as the people’s voice in the nation’s capital.
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