Residents
and Commercial businesses located in Michigan
now have the option of entering into the new Deregulated
Electric Market
What we can do for you:
- We provide our service
to you at no cost
- We help you craft the
best contract terms and conditions which will maximize
your savings and give you more flexibility
- We evaluate the available
Retail Electricity Providers, determine which best
suits your individual needs, and negotiate the best
price and contract terms for your business.
- Save time by outsourcing
energy procurement task.
- Quickly transition you
from higher priced standard offer to lowest cost
provider.
Learn
More...
History of Deregulation
in Michigan
2/02: The Michigan
Public Service Commission released its Status
of Electric Competition in Michigan Report on February
1, 2002. Retail open access is now fully implemented
in the state of Michigan with 3,200 customers and 15
licensed alternative suppliers participating. Michigan
has three open access programs to date, two in Detroit
Edison's service territory and one in Consumers Energy'
service territory. Detroit Edison's Experimental Retail
Access Program began on December 6, 1999, and will end
on June 30, 2004. Alternative suppliers are currently
providing 82 megawatts (MW) out of the program's 90
MW limit. Detroit Edison's industrial and large commercial
customers are mostly utilizing the main Electric Choice
Program offered to all customers. The program has served
a total load of 497 MW as of January 2, 2002. Consumer
Energy's Electric Choice Program has followed the same
trend with mostly industrial and large commercial customers
participating. As of January 28, 2002, alternative suppliers
were serving a total load of 238 MW. Overall, the programs
grew 30 percent in 2001.
6/00: Public
Act 141 of 2000 and companion Public
Act 142 were signed into law on June 3, 2000. The
comprehensive restructuring legislation will allow all
consumers retail choice by January 2002. Detroit Edison
and Consumers Energy residential consumers will receive
an immediate 5-percent rate reduction. The reduced rates
will then be frozen at least until December 31, 2003.
Rates for large commercial and industrial consumers
will also be capped through 2003, and small business
consumers' rates will be capped at current levels through
2004. Other provisions of the law include: requiring
the PSC to issue orders that will prevent "slamming"
and "cramming"; creating a low-income and
energy efficiency fund of approximately $40 million
per year for 6 years; creating a consumer education
program; authorizing stranded cost recovery and securitization
(refinancing of debt); licensing new suppliers; and
requiring a study of the effects of mercury emissions
from the electric power industry in the State. The PSC
was given authority to implement restructuring and retail
competition. |
