Why does this matter? This duplicity leads to you paying more.Įlectricity companies also confuse shoppers with tiered pricing - different rates for different usage levels - but they make sure that the lowest prices to show up early in search results. And you won't learn your exact price until the bill arrives. If you look at descriptions of more than 300 electricity plans from 55 companies, you see a jumble of garbage language, terms, conditions, and small print - your eyes bulge. There's no reason why electricity companies should get the better of regulators and consumers, but they do it time and again. The system remains a horror show of confusion, duplicity, and unnecessary complications. Lawmakers refuse to introduce an electricity bill that is designed to end the deceptive marketing practices that power companies use to reap massive profits every year. Lawmakers who get that report from the state regulators can say, "Everything is fine. Just this year, the Public Utility Commission sent lawmakers a report about the glorious, incredible, fantastic electricity shopping system it regulates. It's very apparent that we as Americans have an energy crisis - a lack of energy from lawmakers and the Public Utility Commission about fixing the crooked business of selling overpriced electricity to consumers.īoth sides are giving each other a cover to do nothing. Just this year, a new study suggested that most Americans are overpaying for electricity by a whopping $27.6 billion dollars per year.
It is no secret that the price of electricity is steadily increasing each year, but thanks to this new Nikola-Tesla-inspired technology, consumers can save hundreds to thousands of dollars every year on their electric bills.
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