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By signing up, you agree to our terms & conditions and privacy policy The price to beat seemed to accomplish its goal of attracting competitors to the market during the period through January 1, 2007. It allowed competitors to enter the market without allowing the incumbents to undercut them in price. It has also given energy consumers the ability to compare energy rates offered by different providers.[9] The less-regulated providers undercut the price to beat by only a small margin given that they must balance lower prices (to attract customers and build market share) with higher prices (needed to reinvest in new power plants). Due to the small difference in competing prices and slow (yearly or so) "buying" process, price decrease due to competition was very slow, and it took a few years to offset the original increase by "traditional" electric providers and move to lower rates. 48 @ 1000+ kWh/M Customer Renewable Programs Cleaning Broadband Speed Explained 2 month FREE First Choice Power - You Got This 24 24 months 11.3¢ / kWh Flinders Operations Discount -0.2 cents per kWh The War on Nuclear Europol: Terrorists Still Use Banks, Fail To Abuse... Jump up ^ "Tumbling Costs for Wind, Solar, Batteries Are Squeezing Fossil Fuels". London and New York: Bloomberg New Energy Finance. March 28, 2018. Retrieved July 28, 2018. Latest BNEF study of comparative costs worldwide shows an 18% improvement in the competitiveness of onshore wind and solar in the last year, and new and rapidly developing roles for batteries. 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