Harrisburg, PA, U.S.A. — (METERING.COM) — May 30, 2007 – The Retail Energy Supply Association (RESA), a diverse group of retail energy suppliers who share the common vision that competitive retail energy markets deliver a more efficient and customer-oriented outcome, supports the results of deregulation in New York.
A RESA report reveals that deregulation in the state has resulted in lower electric prices, and suggests that prices could fall further yet – or at least that future increases could be curtailed. Jay Kooper, RESA vice president, says that deregulation is working in New York “and we need to continue along the same course.”
Commercial and industrial users have benefited most from being able to choose their electricity supplier, but even residential customers have been able to enjoy lower prices when adjusted for inflation.
Not everyone agrees with this stance, and some critics of deregulation hold that prices are in fact higher since competition in the energy industry was introduced. Electricity rates in New York are higher than in many other states, but RESA representatives say this is because of the generation mix, rather than as a result of deregulation.