They're Going Down, Down, Down
March 10, 2010
We just got new pricing in from our supplier, and we've seen drops in price for both electricity and natural gas in several geographic areas.
In electricity, we've seen a pretty decent size drop in the Pepco Maryland market. It's actually at parity with the Pepco DC (District of Columbia) market. BGE pricing dropped a bit as well. All other markets (Allegheny Power and Delmarva Power MD/DE) stayed the same.
Some of our "green" electricity pricing from mid-Atlantic wind farms dropped, too; specifically, in the BGE and Pepco Maryland markets.
Previously, we hadn't been all that competitive in the natural-gas arena, so we didn't really push it a lot. But with our new pricing, you're going to be seeing us talk a lot more about it.
With natural gas, we're able to perform essentially the same service that we do with electricity. We (through our agency agreement with Washington Gas Energy Services - WGES) replace the supply portion of your natural-gas bill with a competitive rate that's guaranteed to stay the same for one or two years. And it's your choice as to how long that rate is guaranteed ... as long as it's one or two years, of course.
In terms of pricing, we've seen drops in the rates we can offer Washington Gas (the utility, not WGES -- it gets a bit confusing, I know) customers in Maryland, DC and Virginia. They've dropped by almost a full $0.10 per therm -- that's significant.
You can start the sign-up process directly by clicking here.
A side note: I like the headline of this story. Borrowed it from Bruce Springsteen. But in terms of its source, this particular song was never one of my favorites from The Boss.
A Beginner's Guide To RECs
The PJM Interconnection serves the Mid-Atlantic, as well as parts of the Midwest and Southern U.S.
As businesses start the budgeting process for 2025, electricity supply costs across the PJM Interconnection region are rising, driven largely by an increase in capacity charges. Capacity charges, which ensure enough power is available during peak demand, have seen a sharp uptick, leading to higher rates, especially in the DC and Maryland areas. Both residential and commercial customers are facing these increases, with supply prices potentially rising by as much as 20%, significantly impacting operational costs. However, there is still time to mitigate the coming increase in supply rates. From simple energy efficiency upgrades, such as LED lighting or smart thermostats, to longer-term projects like solar panel installations and power walls, businesses have a range of options to reduce their energy consumption and control costs. These strategies can offer significant savings over time and position companies for more sustainable energy use. We encourage you to talk with business owners and decision-makers in your network about these rising costs. This is a great time to introduce them to Electric Advisors, where we can help them navigate these changes and find ways to reduce their energy expenses. Your referrals can play a crucial role in helping those in your network become more competitive. Best,
