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If you live in a deregulated energy market, you’ve probably received letters from suppliers asking you to enroll or “lock in” a specific rate on your electricity. Are you confused by your options and/or the benefits of working with a supplier? Well, let’s dive in and make some sense of it all.

Let’s say an energy salesperson knocks at your front door. Since you have a spare minute before dashing to soccer practice with the kids, you decide to answer it. Before you make any decisions, here are some questions to consider in order to protect yourself and your budget:

Edison founded 14 companies, including General Electric. He credits his mother's belief in him at a young age with his belief in himself after his teacher gave up on him. Thomas Edison's tenacious spirit and curiosity were concentrated at the right time in history, and he started a new era in America. We have not been the same since.

Over the past several decades, more states have taken steps towards the deregulation of many large scale power companies across the nation. To help you understand today’s state of deregulation for the energy industry, you must take into account how deregulation affects you, your friends, and your family.

In a monopolistic energy market, your costs are subject to whatever the local utility is allowed to charge. In a competitive energy market, power companies fight to win customers by offering the lowest price, giving you control of a variable that affects your bottom line.