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EXECUTIVE SUMMARY
Updated: 10/01/05    Source: EC Power
Electric Deregulation
The New York State Public Service Commission (PSC) has opened the State's electric industry to competition. Changes in the electric market will allow customers to choose their supplier of electricity.

The PSC recently approved utility plans that give electric customers access to new energy suppliers known as energy service companies, or "ESCOs." The plans require the utilities to offer retail choice to customers who want to shop for electricity and related services. The delivery of electricity to homes and businesses, however, will remain the job of the local utility and continue to be regulated by the PSC.

In a competitive market, electricity prices should be lower than they would be under government regulation. Competition should also produce innovation and new technologies that promote new services. You as a consumer, and the state as a whole, will benefit.

As shown below, competition is beginning at different times in the utilities' service territories. Competition is being phased in over the next few years until 2002, when all customers will be able to choose. Some upstate customers are already able to choose under pilot programs.

Company Choice Began
Con Ed — June 1, 1998
O&R — May 1, 1998
RG&E — July 1, 1998
NYSEG — August 1, 1998
Central Hudson — September 1, 1998
Niagara Mohawk — Fall 1998

LILCO LILCO has been purchased by Long Island Power Authority, which is working on its own schedule.

Gas Deregulation
On March 14, 1996, the New York State Public Service Commission approved plans to allow residential, commercial, and industrial customers the option to start buying their own natural gas supply from sources other than the traditional utility.

Customers may choose to purchase their gas from a non-utility ESCO (Energy Service Company), also known as a marketer or supplier, or continue to purchase gas from their traditional utility. Through competition, it is expected that some customers may see savings reflected in their gas bills. Individual customers will receive different results depending on the ESCO chosen.

These suppliers, or marketers, may or may not be operating in your service territory today.

If you should encounter any problems or need further information, please call (713) 356-0060.
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