Liberty Power:Liberty Power Names Texas and New York as the Best Retail Power Markets for Small and Mid–Sized Business Customers
FORT LAUDERDALE, FL – February 12, 2007 –
Liberty Power, the nation´s fastest growing independent energy retailer focused on business consumers, today announced that Texas and New York have created the most successful competitive retail electric markets for small and mid–sized business (SMB) consumers in the 21 states that have restructured their electric systems. Texas and New York received the highest marks of “A–” in Liberty Power´s first Electric Choice Report Card for Small and Mid–Sized Businesses.
Detroit Free Press
Feb 12, 2007
Michigan received a grade of D in a recent report on electric deregulation and the creation of an inviting environment for small– and medium–size businesses looking for a variety of choices in purchasing electric power.
Liberty Power Corp.’s 2007 Electric Choice Report Card gave Michigan that grade, in large part, because the state´s current regulatory environment makes it difficult for small businesses to shop around for the best possible price for electricity.
NY Press & Sun Bulletin
Feb 12, 2007
Small businesses had ability to save by comparison shopping
New York and Texas received the top grades in an energy service company report grading the ability for small businesses to shop for power.
The report notes that the New York electric choice initiative “revolutionized how small businesses are able to compare prices and test the market.” The report card, using the estimates supplied by New York regulators, said that small businesses customers saved between 15 percent and 18 percent on electric bills from 1996 to 2004.
Feb 12, 2007
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Retail energy marketer Liberty Power Monday named Texas and New York as the top competitive retail electricity markets for small commercial customers because they allow business customers to easily shop for affordable prices and there are more than 50 marketers in each state.
The Fort Lauderdale, Florida–based company ranked state regulatory policies for small commercial customers in a “report card,” with grades based on the ability to compare prices, restrictions on shopping, whether utilities own generation and overall regulatory climate. States such as Nevada and Oregon, for instance, only allow large commercial or industrial customers to but power from retail marketers. Other states make comparing power prices difficult, have minimum–stay requirements or do not require utility generation prices to reflect market conditions, Liberty said.
Of the 20 states and the District of Columbia included in the rankings, half received a C grade or lower, with Texas and New York the only states earning an A from the marketer. Liberty currently sells power in Texas, New York, Maryland and the District of Columbia, but is entering Illinois, Connecticut, Massachusetts and other states where capped utility rates are ending and retail market conditions are improving.
Feb 12, 2007
Liberty operates from Ft. Lauderdale.
It´s filling in the gap created by the end of the Center for the Advancement of Energy Markets.
Small businesses don´t have a voice when it comes to electric policy, Liberty´s CEO David Hernandez reminded us.
Electric choice gives them the freedom to choose cheaper prices and more innovative products — but the ability of a small business to save money depends on how well the market is set up, he added.
Download the complete PDF report card.
Feb 12, 2007
Florida firm ignored rates in giving B–
While many consumers, state legislators and government officials would probably give the state´s deregulated electricity market an F, a company that hopes to sell electricity in Connecticut gives the state´s market a B–minus.
Delaware News Journal
Feb 10, 2007
A power company says deregulation has been good for small businesses in Delaware. Liberty Power, based in Florida, ranked the 20 states that have deregulated their energy industry.
Delaware enacted deregulation in 1999 and removed price caps last year, leading to price increases for businesses of between 47 percent and 68 percent. The report card did not address price increases, instead, it focused on the ability of small businesses to choose their power supplier.
For most folks, electric power is something you don´t shop around for. But all that has changed in the past decade as 20 states and the District of Columbia have deregulated their electric utilities.
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