Understanding deregulation in Massachusetts
In 1997, the Electric Industry Restructuring Act deregulated the Massachusetts energy market. Thanks to the deregulated market, energy companies in Massachusetts can compete for consumers’ business by offering favorable energy rates and plans. You can enjoy significant savings on your energy bills if you shop for rates and buy at the right time.
Local utility companies handle the delivery of electricity. Deregulation aims to foster competition and drive down energy costs. The Federal Energy Regulatory Commission (FERC) still regulates electricity supply at the federal level. State-level entities like the Massachusetts Department of Public Utilities address customer concerns to ensure accountability among utility companies and providers.