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Plans from Ambit Energy in New York

Here in New York there are many choices when it comes to selecting an energy provider like Ambit Energy for your home or business, but that wasn't always the case. Deregulation of the New York energy market has only been in place since 1996, but in that time thousands of residents and businesses have taken advantage of the freedoms they now have to take control of their energy rates. In many areas of New York, consumers have a choice when it comes to both their electricity and natural gas suppliers.

If you haven't yet searched for a new retail energy provider in New York, you could be missing out on a better plan for your needs. Companies such as Ambit Energy offer different plans for each commodity, and depending on your usage patterns and overall needs, with a little research you might be able to find an ideal solution for your home or business.

What is Ambit Energy?

Ambit Energy in New York and elsewhere is considered a retail energy supplier. These types of companies were created as a result of energy deregulation in New York and in other states across the country. Energy deregulation is a process of limiting the control utilities have over the energy market. In regulated systems, utilities control the production, sale and distribution of energy. Deregulation limits the utility's role to distribution.

As a result, new groups have emerged: generation companies and retail suppliers. Energy generation companies own production facilities such as power plants and gas mines. Once these generation companies harness energy, they sell it to retail suppliers. Ambit Energy in New York is one of these retail supply companies.

Ambit Energy and others like it then design energy packages they think will appeal to consumers. Ambit Energy sells energy to residents and business owners and the local utilities deliver the energy to each customer.

The main driver of making this change in the energy industry was an attempt at creating more competitive conditions. Competition drives prices down and the more competitive the energy market is, the lower prices can become — in theory.

Choosing a plan from Ambit Energy

When you're ready to make the switch to a new energy provider such as Ambit Energy in New York, you should take the time to compare your options from several retailers. Ambit Energy and other companies may have offers that appeal more directly to your needs. You wouldn't buy the first car you see on the lot without checking to see what else is in your price range. The same should go for your choice of energy supplier.

Not sure what to look for? There are a few things you definitely need to be aware of before you sign a contract with Ambit Energy or any other retail supplier:

What rate structure does the plan have?

There are several types of rate structures commonly implemented by retail providers like Ambit Energy in New York. Typically, retailers offer structures with variable rates and stable rates. Variable-rate plans usually offer the freedom of month-to-month contracts while stable-rate plans offer increased price security over a longer contract period.

Are there exit fees?

Some retail suppliers like Ambit Energy could charge consumers exit fees if they terminate their account before their contract has expired. If you don't want to be required to pay an exit fee, be sure to read all the terms and conditions attached to an energy plan from any retailer, including Ambit Energy in New York.

Is there a deposit?

In other cases, usually depending on a consumer's credit score, energy plans from retailers such as Ambit Energy can require a deposit before service can be established.

The value of comparison shopping

If you're ready to get started shopping for a new energy plan, you've come to the right place. can provide you with energy plans to compare. Enter your ZIP code now to see what's available in your area!

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Updated: 7-21-2015