In the old days, homeowners had a very simple choice when it came to their electricity and natural gas services – they didn’t have one. Certainly, if they had an oil furnace, they could choose from a number of different suppliers, but electricity and natural gas were fully controlled by local or regional utilities.
When energy costs were less of a concern back in the 1950s and 1960s, this wasn’t really a problem, since competition wasn’t likely going to push prices much lower. As oil prices and residential electric rates rose, though, plenty of Americans started to chafe at these monopolies.
Starting in the mid-1990s and even more at the turn of the century, states around the country started opening up their utilities to competition, letting a residential energy provider like Plymouth Rock Energy offer residential energy services directly. This setup has the utilities still delivering power and natural gas to people’s homes, but with energy services competing in the background to try to sell it at a lower price.
Based out of Long Island, Plymouth Rock Energy actually got its start more than half a century ago delivering coal and fuel oil to New York City. Since then, though, the company has changed with the times, expanding into natural gas in 2004 and electricity in 2010, with a number of other energy services added along the way.
Plymouth Rock now offers residential energy services in New York, New Jersey, Pennsylvania and Maryland, with a variety of different plans for both electricity and natural gas.
Fixed rates – Natural gas prices are at some of their lowest levels in the past decade, and fixed rates give homeowners a chance to take advantage for the long-term. Meanwhile, electricity rates seem prepped for a rise in coming years despite the low gas costs, and fixed rates can help protect against those increases.