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Deregulation In New York
In 1996 the New York State Public Service Commission (PSC) began to
deregulate the state's electric industry. Today the New York
electricity industry is open to competition, which allows customers
to choose who supplies their electricity.
New energy suppliers in New York are known as energy service
companies, or "ESCOs." In New York's deregulated energy market,
local utilities are required to offer electricity users a choice
among ESCOs competing for retail electricity customers. The local
utility will continue to deliver electricity to homes and businesses
and will continue to be regulated by the PSC.
In New York's competitive energy market, electricity prices should
be lower than they would be under government regulation. So
customers can save money by choosing an ESCO that provides at a
lower cost.
Supply and Delivery
In New York, a customer's energy bill is divided into two
parts—supply and delivery. The utility company charges for
delivering electricity to the residence. Delivery charges typically
encompass 50% of the total charges on an electricity bill. As a
state-approved ESCO, Ambit Energy charges for the supply of
electricity—in other words, for the amount of electricity actually
used.
When a customer chooses Ambit Energy for residential electricity,
both the utility delivery charges and the ESCO supply charges will
be included on the same bill.
Meanwhile, the PSC ensures safe and reliable delivery through
continued regulation of energy utilities.
The Ambit Energy Difference
As it is in most states, New York's energy utilities were once
operated as regulated monopolies, providing the transmission wires
(delivery) and the electricity you use (supply). Today in New York,
consumers can choose not to pay monopoly providers for supplying
electricity. Ambit Energy is now an Electric Service Company (ESCO)
with approval by the New York Public Service Commission to sell
electric service in the State of New York. Ambit buys electricity in
bulk from energy power plants so we can pass the savings on to New
York consumers with a competitive price on electricity supply.
In Texas, where Ambit was founded, we have already helped tens of
thousands of customers save money on their electric bills. That's
the "Ambit Difference."
Start Saving Today
 
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