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Ohio's competitive energy sector has been the battleground for a number of legal disputes, with state and municipal utilities claiming the retail energy providers that have moved into the area do not have the authority to trounce on their service territory.
But after a state ruling found that FirstEnergy was allowed to market and sell its services to customers of American Electric Power, it seems more independent electric suppliers are seeing the Buckeye State as prime real estate for setting up their competitive energy businesses. This holds true for Liberty power, which recently announced it had moved into Ohio, where it will begin offering residential and business electricity services.
Liberty, the largest independent retail electric supplier in the country, now has the potential to supply more than 530,000 eligible customers throughout the state. Already, Liberty operates in 14 other states that have introduced energy deregulation laws, which allow customers to shop around for the best electricity rates and choose their own provider. By adding Ohio to its portfolio, Liberty has solidified its place as a leader among retail energy providers.
"The addition of Ohio to our portfolio of active markets is a tremendous growth opportunity for the company," said David Hernandez, co-founder and CEO of Liberty Power. "We look forward to providing Ohio businesses with the competitive electricity rates and exceptional customer service that we have been delivering to customers in retail electricity markets for over 10 years."
The company is offering a host of different electricity plans that can be catered to small, medium and larger businesses throughout the state, and often entices customers with low fixed rates. The company has a wide range of electricity sources from which customers can receive their electricity, including hybrid and renewable energy systems.
"Initial sales efforts in the state have been well-received and we look forward to building our presence in Ohio, one relationship at a time," stated Alberto Daire, co-founder, President and Chief Operating Officer of Liberty Power.
The company stated it will offer a consolidated billing plan in coordination with Ohio utilities, which will increase customer convenience by allowing them to receive only one bill from their local utility company.
With many retail energy providers seeing success in Ohio, electricity rates could soon fall as competition goes up between suppliers and utilities.