Latest Energy Market Savings Report from RESA Shows that Maryland Has US's Most Competitive Retail Energy Offers

December 14, 2023

The Retail Energy Supply Association found that MD consumers could have saved over $39 million in October alone by purchasing retail energy.

The Retail Energy Supply Association, the nation's leading trade association representing competitive retail energy suppliers, released a report on December 4th, 2023 which found that Maryland customers have the most to gain from purchasing retail electricity.

Of the 13 states, plus Washington, D.C., where consumers have the right to purchase their energy supply from an independent supplier, Maryland offers the most competitive pricing when compared to the utility companies' standard offers.

The following is directly from RESA's release:

"In October, 179 offers from competitive suppliers were less than [price to compare]. Additionally, the considerable volume of offers below the [price to compare] was notably impressive, marking a significant leap from 72 in September to 179 in October. The report, created by Intelometry, Inc. on behalf of RESA, also shows that Maryland consumers could have saved more than $39 million ($39,390,995) in October by shopping for the best deal for electricity."

The RESA article can be viewed in it's entirety here.

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