Why You Should Use Wind and Solar Power at Home
It is a fact that most homeowners are concerned about their economic status today because of the global economic downturn. In the midst of all these uncertainties, it is important to conserve energy and save on energy consumption to minimize the impact of global warming. Most of us are aware that energy suppliers are governed by governing bodies like the grid interconnection market commission (Gridix) and ISO 9000. However, other organizations determine the prices for electricity and demand for energy. These organizations are Energy Assessor’s Association International (EAI) and the National Association of Home Builders (NAHB), to name a few.
According to its customers
Energy Assessor’s Association has been successful in increasing competition among energy suppliers. Due to this, there is a greater scope for consumers to choose a better supplier and save on their monthly utility bills. The concept of energy competition helps consumers by allowing them to buy cheaper electricity from suppliers that have lower costs of production. In addition, the grid interconnection market allows consumers to receive discounts from suppliers as they help to enhance the performance of the grid. These opportunities result in improved services and improved efficiency among consumers.
According to the National Association of Home Builders
consumers can also expect future benefits from solar and wind energy suppliers. The association expects the growth of solar and wind power, to continue because they are renewable resources that do not deplete in any way. In the past, utility companies have chosen to build coal-fired power plants, which release toxic gases into the atmosphere. These power plants also contribute to the depletion of nonrenewable resources, thereby accelerating climate change. In the future, solar and wind-powered power plants can be expected to play a bigger role in helping the world to preserve the natural resources that are valuable for humans.
Consumers should also benefit
from deregulation in energy suppliers. Through deregulation, electricity suppliers are no longer bound by restrictions that limit their profits. For instance, when the government controls prices, customers can expect the prices to become more competitive. This means that the energy supplier can reduce their prices to stay ahead of competitors. Moreover, deregulation also increases competition among energy suppliers because they can now offer lower rates to customers.
Another advantage of the deregulated market
is that it will allow customers to pay less for their monthly energy bills. Under the current regulations, utility companies are required to charge their customers based on the average price of energy during summer. Customers can expect their utility company to charge them the same amount no matter what the season is. However, with deregulation, energy suppliers can set their own prices and can decide whether they want to charge their customers according to the average price or not. Because of this, energy suppliers can increase the amount they charge to customers at any time without worrying about losing business.
With all these advantages
there’s no wonder why many homeowners and small businesses are switching over to solar and wind energy sources. You can also expect that as energy demand continues to rise, prices for these types of energy sources will also decrease. In addition, if your area has recently undergone a renaissance in its solar industry, your local energy supply company is likely undergoing a similar transformation. As time goes by, energy suppliers will become even more competitive since they’ll be able to provide services to more customers thanks to deregulation and the increasing demand for alternative sources of energy. So start getting familiar with your local energy supplier today so you’ll be able to save more money on your energy bills.