As CEO of a Manhattan-based firm specializing in the emerging energy market, I understand the benefits energy alternatives offer to citizens across the state of New York. Government deregulation of energy service in New York has opened up various opportunities for new energy businesses to work with residents. As a result, more than 1 million of the 6 million eligible customers living in the state currently exercise choice in selecting electric services.
Prior to energy deregulation, a sole corporation serviced all parts of the energy delivery process. Now, while the customer’s provider of electrical services remains identical, power can be transmitted via energy alternatives. Various service elements in the state were dispersed after regulation and are now maintained by an array of energy salespeople, electrical pole and wire system companies, and retailers.
Individuals taking advantage of the broad energy options in New York should benefit from tax credits and prices totaling less than government-regulated rates. In addition, space has been created for new technological advancements to emerge, benefiting not just businesses and families but also the entire state.
Electrical utility safety for New York households choosing alternative power remains the responsibility of providers, who continue to oversee the delivery of electricity, repair power lines, and restore service after power outages. Customers may be billed separately for electricity supply and energy delivery and maintain access to account records and billing details kept by their utility provider.
Specializing in emerging energy opportunities,
Kori Koepke is CEO of Arivus, LLC.