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Home > Frequently Asked Questions > What Are the Benefits of Competition in Electricity Supply?

What Are the Benefits of Competition in Electricity Supply?

Shifting to a competitive market should lower overall electric rates over time. For many consumers, it already has lowered rates. A major benefit of competition is that electricity suppliers, not consumers, bear the financial risk of investing in new generation plants.

Rates may also be lowered as the industry develops more efficient ways of producing energy. Competition also provides consumers with the option to choose more environmentally-friendly energy sources as noted above.