The Central Maryland Chamber has partnered with energy management experts, CQI Associates, to administer and manage the Chamber Energy Purchasing Cooperative since 2004. The increased purchasing power of the Chamber Purchasing Cooperative has allowed members to receive lower rates than they could typically attain on their own.
The Clean Energy Jobs-Renewable Portfolio Standard Bill implemented by the Maryland Legislature on May 23, 2019 could result in increased electricity rates by 14% to 18%. The Bill contains an option to avoid this increase if a contract is signed prior to October 1, 2019. Therefore, seeking a long-term contract extension (or a new contract) now could help you avoid a potential cost increase.
On average, since 2004, the Cooperative electricity rates have been lower than both market rates and the weighted annual utility standard offer service rate by $0.008 to $0.016 per kWh. The natural gas rates have also been lower on average than market rates and utility monthly winter peak indexed rates by $0.11 to $0.26 per therm.
If your current rate is higher than $0.072 per kWh or $0.50 per therm, you may want to consider joining the cooperative and participating in this next round of competitive supplier pricing.
The current campaign begins June 24, 2019 for both new participants and renewal members who have contract renewal dates
through to June 2021.