Provider Power, which has been operating in Maine for nine months, recently launched its Electricity New Hampshire program to let the state's residents take advantage of the energy savings it has to offer, Sea Coast Online reports.

According to the news source, Kevin Dean, co-owner of Provider Power, says that the company is seeing strong demand, even before it has aggressively started advertising.

"We are not a startup company making our way into the state of New Hampshire," he said. "We are branching out because New Hampshire residents have been asking us to come."

Dean said more than 300 customers in New Hampshire have already signed up with the retail electricity provider, and when advertisements begin, he expects that number to soar. Since beginning in Maine last year, more than 130,000 homes and businesses have signed up with the company, resulting in savings of up to $10 million, according to the news source.

New Hampshire is one of several states that have implemented energy deregulation laws, and is in the company of Pennsylvania, Texas, Illinois and Ohio – all of which have seen an influx in retail energy providers, and in turn, lower electricity rates.