Major Utility Companies Collaborate on PJM Expansion Project
November 18, 2024
The PJM Interconnection serves the Mid-Atlantic, as well as parts of the Midwest and Southern U.S.
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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,
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Electric Advisors, Inc. is proud to announce that we are now a Montgomery County Certified Green Business! In late August we received the bronze level recognition, and we are already well on our way to reaching the silver level. This achievement reflects our commitment to reducing our impact on the environment and actively integrating sustainable practices into our daily operations. The program, operated in partnership with Bethesda Green and the Montgomery County Department of Environmental Protection, encourages businesses to be leaders in environmental stewardship while working towards a more sustainable future. By participating in this certification program, we join a growing community of forward-thinking businesses dedicated to creating a greener economy. The certification is structured around continuous improvement, offering businesses the opportunity to progress through Bronze, Silver, Gold, and Platinum levels as they enhance their sustainability practices. To learn more about the Montgomery County Green Business Certification Program and how your business can get involved, click here . Electric Advisors is proud to be part of this initiative, and we encourage other local businesses to explore the program and join us on the path to a greener future. Join us in embracing sustainable practices and working towards a greener future for our community!
