Archive for the MD Category

Constellation NewEnergy has bought Startex Power for $142.5 Million

Friday, May 27th, 2011 | Permalink

Startex Constellation buyoutConstellation NewEnergy has bought Startex Power in cash for $142.5 million to assist in getting them a strong presence in Texas. Startex Power has over 170,000 customers which will allow Constellation to gain a needed brand presence immediately among tens of thousands of customers.

Constellation does not plan to stop there as they will also be buying MXEnergy for $175 million. MXEnergy has over 540,000 electric and natural gas customers in the US and Canada.

A company like Constellation who is already a gigantic company should be able to handle these buyouts with little problem considering they recently began to merge companies with Exelon making the Startex and MXEnergy buyouts seem like a small side deal.

We have been offering Startex Power in our compare chart for several years but no longer provide their plans to our customers. Our decision was based on well researched information regarding many different factors and we believe it is in the best interest of our company and the customers we serve.

BGE Electric Average Monthly Electric Bill from 2009 – 2012

Wednesday, May 25th, 2011 | Permalink

 

BGE ChartWe looked at the BGE Electric bill summary over the last few years and since 2009 there has been an 18% decline in the average BGE electricity bill.

The chart we looked at showed a clear graphical representation of how far a BGE electric bill dropped in dollar amounts.

As you can see in the chart back in 2009 – 2010 the average BGE electric bill was $158.

Moving to 2010 – 2011 the average BGE electric bill was $145.

The projected average electricity bill price for 2011 – 2012 is expected to be $129.

This drop in price can be attributed to the efficiencies created in a deregulated electric market and specifically a large part of the savings happen at the wholesale market level.

When choosing an alternate electric company in the BG&E electric utility area you will obviously experience a decline in price compared to previous years.

The electric deregulation process in the Maryland market has become confusing for BGE electric customers as the price they control is the transmission aspect of the price.

This utility continues to charge you for the pole and wires charges but encourages you to switch to competing electric companies in their electric utility service area in order to realize savings.

You can see what Baltimore electric suppliers are offering by going through a list of providers and calling each one or visiting their website. You may also use a comparison chart like the one we have available at the top right. We only compare commercial electricity suppliers at this time in Maryland.

The 18% overall decline in BGE Electric’s energy prices is nice and allows you to achieve energy savings from competing Baltimore electricity suppliers fighting to win your business.

We make the comparison process simple as our Baltimore energy consultants compare rates and create detailed charts showing you back to back electric rates from several suppliers.

You can sort these energy prices from the cheapest available offer to the most expensive and see how they compare against BGE and their projected decrease in the total electric bill cost for their customers.

To give you a better idea of the savings chart presented in this article consider that if a BG customer used 1,000 kWh of electricity per month and their electric bill was $129 than their per kilowatt hour rate would be 12.9 ¢.

Since we do not know what the per kilowatt rate and average monthly electric usage that BGE Electric is using we can only speculate as to what the price per kWh is that they used to create this chart.

To assist in comparing other retail electricity suppliers against BGE please use the compare tool at the top right to get started. Once you compare prices you can immediately order Baltimore electric service online.

Washington Gas Energy in Maryland

Sunday, April 24th, 2011 | Permalink

Washington Gas Energy Services is the company that knows energy. Washington Gas Energy Services served its first customer and has steadily grown into 377,700 customers in Maryland, Virgina, Delaware, DC, and Pennsylvania since that time.

As of August 2011 their website says they have over 350,000 natural gas and electric service customers in these states. It would appear that they may be seeing a decrease in total customer count as deregulation has taken effect in these states.

Washington Gas Energy Services is a subsidiary of WGL Holdings and an affiliate of Washington Gas.  Based on its experience understanding of the current energy market and utility tariffs, Washington Gas Energy Services believes it can offer a simple solution for all its customers energy needs. Washington Gas Energy Services offers residential service based on the following guidelines:

Homeowners and residents that pay their own utilities:

  • Detached Homes
  • Townhouses
  • Condominiums
  • Apartments

Electricity features offered:

  • Fixed Priced Supply Contracts, provides security in regards to a price that will not change for the term of the contract.
  • Discounted Supply Contracts
  • Clean Wind Power

Fixed rates were 9.00 cents per kWh with 10% wind as of April 24 2011 and are 9.2 cents per kWh for a 1 year fixed agreement as of Aug 2011 and 9.8 cents at 50% wind power.

Fixed rates were 9.90 cents per kWh with 100% wind as of April 24 2011 and 10.5 cents per kWh for a 1 year fixed at 100% wind power as of Aug 2011

Viridian Energy in Maryland, MLM Reps and Understanding the Price

Friday, April 22nd, 2011 | Permalink

Viridian Energy provides power with a purpose according to their slogan and operate in many states including Maryland. The purpose is to provide an alternate energy option to the local utility. This company also offers a work from home type of opportunity to sell energy similar to Ignite and Ambit Energy. The creation of direct sales energy companies has really taken off as of late as even Spark Energy has entered this market with a company called Ampegy. The only problem is that a lot of buzz and setup must be done and maintained through a group of experienced direct sales leaders to make a company actually grow a large customer base using this method. This type of viral marketing requires quite a bit of skill, luck, and execution on almost every level to work.

Viridian wants you know that they have differntiated themselves from other competitors by trying to do the right thing when it comes to the environment. Bringing back the spirit of caring into business is not something many companies venture to far into and often remains on a surface level but Viridian has outlined some of their promises in this regard.

Beginning in 2009, Viridian Energy is the electrical supplier for the environmental conscientious, by allowing them to do their part to protect the environment at an affordable price. Viridian Energy stands out compared to other renewable energy competitors because it is willing to take a lower profit in order to see green electricity sold at a reasonable price. These core values stand as the foundation of Viridian Energy’s promise to its customers:

  • Environmental Sustainability- Viridian looks to not just create opportunity to take care of the environment, but also create a “culture” that will see its passion reflected in its customers
  • Empowerment- This company hopes to create opportunity for its independent Associates to impact the environment and improve their lives
  • Reliability- They work to have the same reliable service as other utilities yet with superior customer service
  • Integrity- They want to hold the highest standard of ethics in both business and environmental stewardship
  • Customer focus- They offer helpful, courteous, and knowledgeable service to fit each customer’s specific need.

The interesting aspect to this company is that they sell their electric service through an MLM business model like Ambit and Ignite. They offer their electricity in multiple states and in order to sell their service you must pay them a membership fee.

The fees you must pay them are $99 to sell in one state with one product, $299 to sell all of their products, and $399 if you want to sell in all states with all of their products offered. They offer different levels of how you want to come into the company and as far as customer perceptions I see it being one of customers learning about them through word of mouth.

The frustrating aspect to this type of company is that customers usually get their information on the company from people who have little experience in explaining an energy agreement and related charges. The people choosing to sign up to help a friend also end up finding out a few months later that their friend they helped out isn’t even in the business anymore.

Regardless of whether or not you spoke with someone who knows how to go over the energy agreement with you in a professional manner I recommend taking time to look at the terms of service for yourself to see if all charges are disclosed in what you were told.

Do not sign the contract until you have compared the price you were told you will pay with what the actual fine print agreement says you will pay. There is almost always some difference between the super excited price the MLM sales recruit tells you and the all-in total bundled rate you will actually be billed for.

In regards to the price issue this is not something we are trying to blame Viridian for as all providers have the challenge of explaining the entire price to their customers it is jut a little easier for the details to get lost when a really excited person is trying to get their grandmother to sign on the dotted line.

Energy Plus vs Pepco

Thursday, April 21st, 2011 | Permalink

 

The confusion of energy deregulation in Pennsylvania and Maryland is not uncommon. You have been using the same monopoly electric company for several decades and so now what?

Well you still will get your electricity service from the same pole and wires company as always which might be BG&E, Pepco, Comed and others.

When you choose to go with an alternate Pennsylvania or Maryland electricity company that is not your utility pole and wire company nothing changes regarding delivery of service and how outages are handled.

You still call your utility company you have always used when outages occur and they are the responsible party for getting service restored.

Energy Plus sells retail electricity service sells electric rate plans that compete against Pepco electric company and ComEd in both MD and PA.

We mention Energy Plus because they have a very large direct mail campaign and you have likely seen advertisements offering competitive electric rates as compared to ComEd and perhaps Pepco.

When comparing these prices between Energy Plus vs Pepco I recommend calling both companies. Ask specific questions I outlined below to assist in making an accurate comparison so you can make a clear confident decision.

  • Ask them if their electric rate is a variable rate that changes after the first month.
  • Ask to see if the rate is only competitive the first month and what happens on the subsequent 2nd month of service to the price.
  • Check for historical information on what their variable price has done the last several months in Pennsylvania and Maryland.
  • Decide if their rate plan is a teaser price that is competitive only for the 1st month.

Energy Plus vs PepcoNow call up Pepco or ComEd or whomever you currently have electric service and ask the following questions.

  • Ask them if their electric rate is fixed or variable.
  • Ask if their variable rate goes up on the 2nd month or if it has ever gone down in price after the 1st month of service.
  • Check if their variable rate is a teaser price that is substantially lower to hook you in.
  • See if their variable electricity rate follows a fuel commodity market or goes up and down related to other factors.

 

Once you have asked these questions you will likely have a better idea of which electric company has the better rate plan. You can make a clearer more consumer informed decision when asking point blank questions to make that Energy Plus vs Pepco comparison.

If you would like a more thorough comparison of PA or MD electricity rates that include multiple electricity suppliers please fill in your name and email in the box at the top right.

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