Like residents of most other states, Marylanders who wanted to buy 100% clean energy were used to paying a premium to be green. Starting this summer, the roles will reverse.
In Maryland, all BGE and Pepco residential customers (about 80% of the population or 1.73 million people) can now sign up for 100% wind power through Clean Currents at rates that are below Pepco’s and BGE’s rates for conventional coal-powered electricity!
CCAN director Mike Tidwell joined Clean Currents president Gary Skulnik (pictured at right) at a press conference last week to announce the historic shift. Standing before a gaggle of TV cameras, microphones and reporters, Gary began: “Usually renewable energy requires an upfront investment, but we’re in a unique situation where you can choose green power and save money at the same time. It almost never happens.”
And he’s right. This crossing of cost lines between wind and coal energy doesn’t happen often, but the shift is beginning. When a similar shift happened in Austin, TX three years ago, Lester Brown described it as “a milestone in the U.S. shift to a renewable energy economy.” A similar situation also unfolded in Colorado around the same time as in Austin.
So what happened in Maryland to make this price shift possible?
Here in Maryland, the decreased rates are the result of a steady decline in wholesale energy prices. Utility companies set their customers’ rates periodically and have not reduced them to reflect the lower prices they are now paying for energy to produce electricity. But Clean Currents and other companies have taken advantage of the downturn in the price and are offering residents as much as two years of power for 10 to 15 percent less than the utilities’ summer rates.
How do I sign up?
To sign up, simply go to www.cleancurrents.com and click on “residential.” It only takes a few minutes to complete the enrollment process (you will need your Utility Account #). Once switched, there will be no interruption of service. Power outages are still fixed by Pepco and BGE, and billing is still handled by the utility. The only difference is that you will save money and be supporting clean, renewable wind power.
