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business of supplying the UK with electricity is without a doubt stronger now
than it has ever been, and is an interesting example of a common bell-curve
found so often within the spectrum of business. Like most commodity-based
businesses, things start with somewhat of a boom, die down, and then finally
raise back to a boom similar to the first. The electricity industry is no
different, and there are currently more efficient and effectic suppliers of
electricity in the UK than there have ever been. Perhaps it would make sense
to delve more deeply into this subject to figure out why that is.
With the advent of electricity came an exciting new invention, thought by many
to be a fad that would never turn into anything, yet recognized by most as the
important new aspect of technology that it surely was. It didn't take very
long for thousands of folks to jump on the bandwagon of electricity and begin
figuring out ways to carve their own niche in the industry. This is the birth
of electricity suppliers, and there were certainly more than one could count
on his own ten fingers.
Soon after, however, it was discovered that too many electricity suppliers
resulted in the downfall of the industry, as people just weren't making enough
money because the competition was too high. This, of course, was a major issue
and resulted in hundreds of electricity suppliers shutting down. Those who
were left standing were considered to be the strongest of the bunch, and many
of them lived on to this very day.
Today, electricity suppliers are much more streamlined than they were in the
past. Sure, things have changed in the industry and companies have had to
adapt, but it's safe to say that over the past hundred or so years, people
have "figured out" the industry and the issues that may have existed in the
past no longer do. People are much more confident now in who they go with for
an electricity supplier because it is assumed that "they are all good." While
this of course is not necessarily true, there is indeed something to this
statement, as it keeps people content in their buying of electricity.
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