After decades of energy deregulation in Maryland, consumers can choose from a wide range of electric providers for their electric requirements. The market’s competitive nature has created a number of Maryland electric companies who are competing to get the attention of homeowners across the state, offering lower prices, improved customer service and products to suit their unique requirements.
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The 1999 Maryland General Assembly passed Electric Customer Choice and Competition Act. This law opened Maryland’s electric supply market for competition. Prior to deregulation utilities were in charge of the generation, distribution and retail distribution of electricity. This one control stopped companies from offering competitive rates and energy efficiency solutions and other services.
SMECO customers have the option to receive electricity from Clearview Energy or Direct Energy. In addition to being able to shop around for electricity rates, customers can choose from a wide range of options based on their needs and budget.
Rates can differ between suppliers and locations, therefore it is crucial to compare them according to the local laws and energy usage. This can be done using the Maryland Electricity Shop-and-Compare tool available from the Public Service Commission of Maryland.
Fixed-rate plans are a viable option for commercial and residential customers of electricity. Unlike other Maryland energy plans, these fixed-rate offers guarantee your unit’s price at certain $/kWh for the term of the contract.
Due to the high state’s cost of transmission and utility costs as well as the high energy consumption and the high energy usage, md energy choice is one of the highest across the country. However, with a little patience and research you can locate the most affordable energy rate that is suitable for your budget and energy requirements.
A fixed-rate energy plan allows you to secure your unit’s costs for a set period of time, allowing you to manage your monthly budget more easily and avoid the unforeseen costs that be caused by fluctuating electricity bills. Fixed-rate plans for energy can be a great way to reduce your carbon footprint and help sustain energy initiatives.
Some electricity providers in the state offer a mix of traditional and renewable energy sources in their plans. These include solar, wind and biofuels.
You can opt to buy both natural gas and electricity depending on your preferences. Constellation Energy, a leading provider of energy and renewable resources, offers a range of natural gas plans in Maryland. These plans are sourced 100% from Sunrun which is a company that is committed to meeting Maryland’s growing demand for sustainable energy.
You can also choose to purchase renewable energy credits on your plan, which allows you to support green energy in the state. This is a great way to safeguard your finances, support the environment and make a difference in your community.
Although electricity deregulation has allowed Maryland customers to select from a variety of providers, it does not come without its problems. Some Maryland suppliers have been accused in particular of taking advantage of low-income and poor-income households. The state has been trying to regulate these suppliers but has not yet been able to achieve this. The most frequent complaints against these suppliers are that they overcharge, misrepresent themselves, and fail keep their promises to customers.