Maryland

Power Plant Gets Financing in Maryland Without Need for Customer Subsidies

A $775 million proposed power plant in southern Maryland that had been slated for consumer subsidies is moving forward with financing after the courts concluded the subsidies were unlawful. The fact that the plant has obtained financing demonstrates that the state-sponsored subsidies were unnecessary to begin with.

Federal Appeals Court Rejects Maryland Program to Subsidize Generation Plant Development

In a resounding legal victory for electricity consumers, a federal appeals court upheld a lower court’s ruling finding that Maryland impermissibly intruded on Federal Energy Regulatory Commission authority in requiring the state’s electricity consumers to subsidize development of in-state generation capacity in the FERC-regulated PJM Interconnection capacity market.

Leading Business Group Weighs In Against State-Sponsored Market Interventions

The Business Roundtable, an influential organization representing the chief executives of leading jobs-producing companies, has issued a report outlining its energy policy agenda that includes an admonition against state interventions in well-functioning competitive wholesale electricity markets.
 
“Certain regions of the country that operate within independently managed competitive wholesale electricity markets are seeing an increase in state-sponsored efforts to promote the construction of new power plants, rather than rely on the market to provide the necessary resources,” the Business Roundtable said in its energy policy blueprint, Taking Action on Energy: A CEO Vision for America’s Energy Future.
 

Competition Drives Growing Electricity Choice for Consumers

Across the country, residents and businesses are continuing to exercise their ability to choose their electricity provider. Electricity shopping in competitive markets ensures providers are more innovative and efficient in their efforts to attract customers. As a result, consumers have access to the highest quality service at the most competitive prices. 
 

Federico Pena: Maryland’s Competitive Electricity Market Continues to Thrive

 
Today’s Baltimore Sun features an op-ed by COMPETE Co-Chairman Federico Pena. His column highlights, among other things, the myriad benefits Maryland’s competitive electricity market has delivered to the state – from efficiency, innovation and reliability to greater customer choice and competitive prices. Since introducing competition in the late 1990s, Maryland has been one of the greatest success stories around the country. The full column, which details that success, follows…
 

Preserve Maryland’s Competitive Electricity Market

Recent calls for Maryland to revert from a competitive electricity market to a monopoly system may be good-intentioned, but they are quite misguided. Innovation has replaced the inefficiencies of the old monopoly system, giving customers new choices, competitive prices and an efficient, reliable power supply.
 

Robust Competition Creates Economic Benefits for Maryland Consumers

Several major competitive power suppliers have recently entered Maryland’s electricity markets, and the resulting competition is driving switching rates higher among consumers – a trend noted in a recent COMPETE report on the success of retail electricity markets.
 
These developments come fast on the heels of similar upward switching trends in other Mid-Atlantic states, and happen as lower energy prices present opportunities for consumers to lower their costs.
 

Success of Retail Competitive Markets Detailed in COMPETE Switching Rates Study

A new study sponsored by COMPETE reveals the volume of electricity sales by competitive non-utility suppliers has doubled since 2003 in the continental United States, and competitive suppliers are increasingly offering innovative products and services allowing competition based on more than just price.
 
The report compiles national statistics and in-depth analysis of several states (New York, Illinois, Pennsylvania, Texas, Connecticut, Maryland, Washington D.C.) that have opened their retail electricity markets to competition.
 

Switching Rates Continue to Rise in Mid-Atlantic States

The number of consumers switching to competitive suppliers has continued its trend of upward growth in four states with competitive markets, bringing competitively priced electricity to even more customers. These switching numbers come from recently released state data posted in Restructuring Today, and reiterate that electricity customers switching their power suppliers is a clear sign of the success of competitive markets.
 

Energy Efficiency Thrives in Competitive Market States

A new report by the Center for American Progress (CAP) identifies the top 10 states for energy efficiency and credits market forces for stimulating innovation and investment. According to the report, Connecticut, California, Maryland, Massachusetts, Pennsylvania, New York, Texas, North Carolina, New Jersey, and Ohio are the nation’s top energy efficiency markets – all but North Carolina have competitive retail electricity markets.