Most of us in Maryland are pretty familiar with the fact that we can choose our own electric provider. I mean really... who hasn’t had the telemarketer call, the flyer in the mail, or the salesperson at the door talking about switching your electric provider? While a third of households have actually switched, I wanted to understand what were the major issues holding up the rest? They typically fell into three categories: people were 1) unsure of all the different rates available, 2) unsure of how much they would save and 3) afraid of variable rates. This sparked (pun intended) the birth of the Watts Up Electricity Report.
The Watt's Up Electricity Report provides you with a monthly briefing of the best fixed rates available for Maryland residents. To learn more, visit www.ClearlyEnergy.com - a super simple and comprehensive way to compare available rate plans from reputable suppliers all in one location.
November 2013 Rates
Utility: BGEUtility Rate through May 2014: 9.73¢/kWh
ClearlyEnergy 1 Year Forecast Benchmark: 9.74¢/kWh*
ClearlyEnergy 2 Year Forecast Benchmark: 9.58¢/kWh*
Best Rates in BGE:
1 Yr Standard Fixed Rate: 8.15¢/kWh ---16% Savings**
2 Yr Standard Fixed Rate: 7.95¢/kWh ---17% Savings**
Utility: PEPCO MD
Utility Rate through May 2014: 9.3¢/kWh
ClearlyEnergy 1 Year Forecast Benchmark: 9.24¢/kWh*
ClearlyEnergy 2 Year Forecast Benchmark: 9.07¢/kWh*
Best Rates in PEPCO MD:
1 Yr Standard Fixed Rate: 8.29¢/kWh ---10% Savings**
2 Yr Standard Fixed Rate: 8.05¢/kWh ---11% Savings**
1 Yr 100% Green Fixed Rate: 9.79¢/kWh ---6% Additional Cost**
2 Yr 100% Green Fixed Rate: 10.69¢/kWh ---18% Additional Cost**
Utility: Delmarva Power & Light MD
Utility Rate through May 2014: 8.94¢/kWh
ClearlyEnergy 1 Year Benchmark: 8.87¢/kWh*
ClearlyEnergy 2 Year Benchmark: 8.69¢/kWh*
Best Rates in Delmarva Power & Light MD:
1 Yr Standard Fixed Rate: 8.25¢/kWh ---7% Savings**
2 Yr Standard Fixed Rate: 7.99¢/kWh ---8% Savings**
1 Yr 100% Green Fixed Rate: 9.49¢/kWh ---7% Additional Cost**
2 Yr 100% Green Fixed Rate: Not Available
* The ClearlyEnergy Benchmark is a forecast of future utility rates for either 1 year or 2 years. Actual utility rates may differ.
**Savings or additional costs are calculated as the % difference from the ClearlyEnergy Benchmark.
To learn more about electricity choice and your options ClearlyEnergy has available for download a free ebook: "How to Shop for Electricity." This ebook answers questions like:
- What is electric choice?
- What part of my bill changes?
- What does it mean to buy 100% green power?
- How is green power tracked?
- What to watch out for in the fine print?
