The Maryland electricity choice market continues to make progress as the number of shopping customers increases as a result of more active electricity suppliers and lower generation rates. With the ability to lower the price of their generation supply rates on their monthly BGE electricity bill, consumers are quickly discovering the benefits of Maryland’s decision to deregulate their electricity market almost a decade ago.

Baltimore electricity consumers who do not choose an alternative energy supplier pay a default rate for their electricity supply service with the Baltimore Gas & Electric company who serves as the electricity delivery company for the area. Over the last year the spread between competitive electricity rates and the default rate, determined through an auction process, has grown apart creating an increase in the amount of savings customers can obtain. Consumers who are immersing themselves in electricity choice are finding that the lowest electric rates in Baltimore offered by competitive companies can reduce their monthly energy supply expenditure by more than fifteen percent. The companies participating in the auctions need to include a premium in their bids to account for customers who will leave default service during the term auctioned for. In contrast, individual shoppers can receive offers from energy companies based on current market conditions set for the customers. The difference in price structures has allowed for the large spread between the default rate and competitive rates.

The Maryland Public Service Commission reported that as of July 2013 29.7% of all BG&E residential customers are purchasing their power supply from a company other than BG&E. The switch rate is the highest in the state among the other three regulated electric utilities with Potomac Edison coming in last with only a 14.7% switch rate. Electricity choice markets around the country have seen a direct correlation between savings potential and active customer participation. While there are a number of reasons to purchase power from a competitive supplier including customer service and renewable options, lower electricity rates continue to be the primary, and often only, reason people look to shop.


Ohio Sees Increase in Number of Competitive Energy Companies

June 9, 2013

Energy choice participation has increased in Ohio as consumers are becoming more aware of legislation that allows them to purchase their power from alternative energy companies. The creation of a competitive electricity market has created an abundance of electric rate options in the majority of Ohio service utility areas. Ohio has seven main investor owned […]

Read the full article →

Understanding Pennsylvania Commercial Index Electricity Pricing

November 14, 2012

While most Pennsylvania commercial businesses, looking to get off their electric utility high default rate, will choose to lock in a fixed electric rate, another option for larger users is the index product. A growing number of alternative electricity suppliers who wish to remain competitive in the market will offer the index electric product to […]

Read the full article →

Texas Businesses Face Hidden Charges on Electricity Contracts

November 6, 2012

By Todd Yasbin The competitive commercial electricity market in Texas provides small business owners the ability to take bids from over thirty licensed electricity providers licensed by the Public Utility Commission of Texas. Businesses can elect to choose from several rate products ranging from basic fixed pricing to variable price methods tied to specific wholesale […]

Read the full article →

Pennsylvania Electric Utility Commercial Default Rates

September 11, 2012

Since the cap rates expired in 2010 for businesses serviced by Pennsylvania Power & Light, just about 50% of PPL commercial customers have switched over to a competitive commercial electric rate. Those who were early to take advantage of deregulation have enjoyed annual savings of 30% or more. The other 50% is set up on […]

Read the full article →

PECO Offers Choice To Customers

July 11, 2012

In Pennsylvania, where the electricity market has been deregulated, the majority of consumers have a choice of who they want to buy their electricity from. However, depending on what part of the state that you live in will depend on just how many choices are available. While consumers have a choice of who supplies their […]

Read the full article →

Electricity Rates on the Rise for PPL Customers

May 24, 2012

For the second straight summer, residential and business customers of the central Pennsylvania utility Pennsylvania Power & Light will see their generation electricity rates rise drastically. PP&L customers who have not looked for lower electric rates will see their default power prices rise by 15% this summer. Consumers who have searched, compared, and selected to […]

Read the full article →

Maryland Electricity Rates and Choice

May 8, 2012

The majority of Maryland electricity consumers who have not shopped for competitive electric prices will see their electric rates increase in June. Baltimore Gas & Electric (BG&E), Potamac Electric Power (PEPCO), and Delmarva Power will all increase their rates for default paying residential customers. The larges increase will be placed on Delmarva customers who will […]

Read the full article →

PECO Electric Default Rates Go Up

February 28, 2012

Electricity customers in the Philadelphia area who have not taken the time to learn about electricity deregulation and choice will see their electricity bills rise on April 1. PECO Energy, the local utility for the area, recently announced that their default price to compare electric rates will increase for both residential and commercial customers. The […]

Read the full article →

Power Bills Comparison

January 26, 2012

In many states energy users now have a choice of who to buy their electricity from. While competition provides more options and lower prices for consumers in the long run, it can cause a great deal of confusion for many curious customers. With so many electricity companies competing for business, its not always easy to […]

Read the full article →