OPENING UP CONSUMER CHOICE
In the past, one Utility provided the three components of your energy service: generation, transmission and distribution. State Legislatures and public authorities of many states have created competition for electricity and natural gas supply by systematically deregulating. This competition was created by breaking up the natural and legal monopolies the Utility companies once had. This allows consumers to choose their energy supplier, while the delivery of the energy, upkeep of infrastructure, and emergency services are still regulated and are the responsibility of the local utility company.
Deregulated states have allowed consumers to choose the energy provider that best suits their needs, rather than having to pay whatever the Utility companies mandate each month. Deregulation broke up the energy market into the following sectors: the power generators; the transmission and distribution companies; and the retail electricity providers, or REPs, which buy energy at wholesale prices and then sell to customers at retail rates. That's what we are! New Wave Energy is a leading REP and is committed to providing our customers with services their Utility cannot. Our system is set up so that power is always delivered to the customer at competitive rates.