Washington Gas Energy Services Introduces New Residential Electricity Offer for Delaware Consumers
Offer Includes Lower Prices, Environmental Benefits, and Free Energy-Saving Products
Public Company Information:
HERNDON, Va.--(BUSINESS WIRE)--Washington Gas Energy Services, Inc. (WGES), a leading competitive supplier of electricity and natural gas to mid-Atlantic businesses and residential customers, today announced a first-of-its-kind residential electricity offer for Delaware customers of Delmarva Power who are facing dramatic rate increases this summer.
"WGES has created one of the most exciting residential electricity programs ever offered," said Harry Warren, president of Washington Gas Energy Services. "Delaware residential electric customers who switch to WGES will pay lower electric rates, and help keep the environment clean by purchasing electricity from renewable sources; the first to sign up also will receive free energy-saving products for their homes."
New utility electric rates that go into effect on May 1 represent a 59% rate increase for the average residential customer according to calculations by Delmarva Power. However, Delaware's competitive electric market provides opportunities for customers to switch to lower-priced suppliers like WGES.
The WGES offer will save the average customer on Delmarva Power's Residential rate schedule over $85 in the coming year when compared with the new utility rates. Approximately 75% of Delmarva Power's residential customers are served under this rate schedule. If all of Delmarva's Residential rate schedule customers took advantage of WGES' competitive offer, total savings for enrolled customers would exceed $16 million.
Customers served under the utility's Residential Heating rate schedule also can save, depending on the amount of electricity they use. Customers can save with the WGES offer whether or not they elect to participate in the Delaware Electric Rate Phase-in Plan.
"Electric customers throughout the region are facing higher electric prices this summer," said Warren. "Switching to WGES allows Delaware customers to limit the size of their increase. Customers also should keep in mind that switching to WGES requires no change in the power lines or connections to their homes. Delmarva Power will continue to distribute the power. In fact, WGES will even include its charges right on the Delmarva Power bill."
In addition to offering customers lower rates, WGES provides a cleaner electricity supply. "WGES has been a leader in supporting renewable energy," noted Warren. "To continue that record, 5% of the electricity in this Delaware residential offer comes from regional wind power facilities. A Delaware law enacted in 2005 requires all electricity suppliers in the state to include renewable sources in their electric supply, beginning with 1% in 2007 and increasing each year. The WGES offer already meets the standard for 2013."
To provide additional cost savings and environmental benefits to its customers, the first 1,000 residential customers who switch to WGES will receive a coupon for a free package of four energy-saving, compact fluorescent light bulbs, redeemable at retail outlets in Delaware. "If a customer replaces four standard 100-watt light bulbs with these equally bright 26-watt fluorescent bulbs, and if those lights are used an average of four hours per day, that customer can save over $50 per year in electric costs," said Warren, "and saving energy reduces power plant emissions, too."
"The idea of providing energy-saving, compact fluorescent bulbs to our new customers was prompted by an Earth Day challenge to all American consumers issued by the Alliance to Save Energy," continued Warren. According to Alliance President Kateri Callahan, "We are delighted to see an energy company stepping forward to support the Alliance's '4 for the Planet' initiative. If every household did the same, our nation would simultaneously reduce home energy bills, pollution and greenhouse gas emissions."
Washington Gas Energy Services is one of the largest competitive providers of electricity and natural gas in the mid-Atlantic region, and supplies approximately 180,000 customers in Maryland, Virginia and the District of Columbia. Headquartered in Herndon, Va., Washington Gas Energy Services is an affiliate of Washington Gas and a subsidiary of WGL Holdings, Inc. (NYSE:WGL). Learn more about WGES and its offers at http://www.wges.com or call 1-888-884-WGES.
The Alliance to Save Energy is a coalition of prominent business, government, environmental and consumer leaders who promote the efficient and clean use of energy worldwide to benefit consumers, the environment, economy and national security. The Alliance provides extensive Tips to Lower Your Energy Bills on its consumer web site, http://www.ase.org/consumers.
Washington Gas Energy Services, Inc.
Kimberly J. August, +1-703-793-7565