How Does Switching Energy Providers Work?

In deregulated energy markets, consumers have the power to choose their own energy providers. If you’re unsatisfied with your electricity rates or plan features, you have the freedom to explore options and consider switching plans and providers.

By changing energy suppliers, you can secure lower energy rates, better customer service, or plan features that fit your unique energy usage habits. You may save significantly on your monthly energy bills with just a few steps. 

Switching may not be as complicated as you think. When you change electric suppliers, your utility company and power delivery remain the same. Only your billing changes, and Choose Energy can help you navigate the process smoothly. Read on to learn how to change electric suppliers with ease — or enter your ZIP code to discover fixed- and variable-rate plans, no-deposit electricity, prepaid plans, and more.

Many people switch energy suppliers to secure cheaper electricity rates. However, there are other benefits to switching providers. It might be time for a new energy supplier if:

• You notice significant changes in your energy bill each month and you’d rather have the stability of a fixed-rate plan.
• You want to switch to a green energy plan to lower your carbon footprint.
• Your current plan’s features don’t serve your needs, and you want a plan that works with your typical energy usage.
• Your current energy company added new fees to your plan.
• You’re not happy with the services your current supplier provides.

You have the option to switch your electricity provider if you live in a deregulated energy market. According to the American Coalition of Competitive Energy Suppliers (ACCES), 31 states currently have some level of energy choice as of 2023. Keep in mind that certain states have deregulated only natural gas or electricity, and others limit the power to choose for commercial customers. 

Visit our service areas page to find out if you could change energy suppliers and save money on your energy bill. Find your state or enter your ZIP code.

Deregulated vs. regulated energy

Contrary to what it may sound like, energy deregulation doesn’t mean there is no oversight in the energy market. It simply means that retail energy suppliers are allowed to compete for your business. In a regulated market, utility companies still own the infrastructure and maintain your power lines, poles, towers, and more. The retail suppliers, meanwhile, buy energy and sell it to homes and businesses.

If you live in an area with a regulated market, a public utility commission or other government agency regulates the energy supply and rates for residential and commercial buildings. Meanwhile, you get to exercise your power to choose and learn how to switch electric companies when your current plan isn’t meeting your needs.

With Choose Energy, you can switch your electricity provider in a few easy steps. Our free marketplace shows low rates from top providers in your area for you to compare, choose, and change energy your supplier hassle-free. Here’s how it works:

Now that you know how to change electricity providers, are you ready to switch plans? Enter your ZIP code today to get started. Still not sure if you’re ready to switch? Learn how to switch energy providers and compare electricity rates in our guide.