About Me

Rockville, MD, United States
Clean Currents is a clean energy broker/aggregator licensed by the Maryland Public Service Commission, the Pennsylvania Utility Commission, and the District of Columbia Public Service Commission. We operate in Maryland, Pennsylvania, DC, Chicago, Texas, and other areas where there is a competitive electricity market. We are committed to promoting solutions to today’s biggest environmental challenges – global warming and air pollution.

Thursday, October 28, 2010

Competitive Markets and Wind Power are a Great Match

The American Wind Energy Association recently put out a statement supporting competitive wholesale electricity markets. It’s great to see the nation’s premier wind industry association take a positive stand on the kind of market structure we have here in the Mid Atlantic (with the exception of Virginia). Clean Currents supports the rapid deployment of wind energy in our region and the continuation (and growth) of competitive energy markets. Consumers and the environment both benefit from our open markets.

According to a joint AWEA/Compete statement, nearly 80% of U.S. installed wind capacity is located in regions with competitive energy markets, yet these areas only have 44% of U.S. wind energy potential. A competitive energy market is a market where consumers have the ability to choose their electricity supplier. The utilities don’t control the entire chain of production of electricity, from generation through distribution. The opposite, a monopoly market, is where the incumbent utility controls everything and consumers (and generators) have no choice but to go with them. In Maryland, DC, Delaware, and Pennsylvania we are fortunate to have an open, competitive market.

It’s not surprising that a competitive market is better for wind energy development. The incumbent utilities, if they are in a monopoly with no competition, are not the best vehicles to help development alternative energy. They don’t know how to sell or market it, and they are in no rush to invest in it. In short, they are not innovators.

Companies like Clean Currents are constantly thinking of new ways to expand the clean energy market. Given the right market structure, with proper government incentives, we can develop even more wind power in this region. We are excited to be working with Governor O’Malley and other leaders to craft proposals that will bring offshore wind closer to reality. That’s part of our business model – building demand for green power and working on positive environmental legislation. We are going to push a model that will promote more wind power while building on the success of the competitive energy market. The two go hand in hand.

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