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LAST UPDATED: June 27th, 2019
As with many deregulated energy companies, Delmarva Power is a subset of the larger Exelon Corporation. As a subsidiary of Exelon, Delmarva Power is able to offer its customers a wide range of competitive plans and rates, with exceptional reliability. For those looking to add or switch energy suppliers will find electricity and natural gas services from Delmarva to be competitive with other carriers in Maryland. With some benefits including Choose Your Own Provider, incentives for being efficient with one's energy usage, and the company's involvement in the community.
Customers will want to ensure that they thoroughly read any third-party contracts they enter into and should not blindly sign on the dotted line until being fully aware of their commitment to their new energy supplier.
- Choose Your Own Provider
- Energy Efficiency Incentives
- Involved in the Community
Choose Your Own Provider
When choosing Delmarva Power, customers are able to choose between having Delmarva Power purchase their energy for them or a customer may also do the research and choose their own provider. Both of these methods can have their advantage, and in line with recent legislation, the end cost will generally be similar.
With that being said, customers who are interested in researching the qualified providers are often able to shave off a small portion of their monthly utility bill. Additionally, customers who decide to choose their own provider may be able to receive additional plans derived from alternate energy sources including wind and solar, which can be a great option for the more energy-conscious customer.
When selecting the Choose Your Own Provider option with Delmarva Power, customers continue to work through Delmarva Power. They will purchase the electricity for you, at the advertised rate, and it will be delivered to your home with no changes to a home's infrastructure (barring on-home solar panel options).
Energy Efficiency Incentives
One emphasis of Delmarva Power is to help their customers reduce their individual energy consumption. This may be counter-intuitive to their revenue model, however, with responsible energy use comes many benefits for both the customer and the energy supplier. Many of these benefits are provided by state and federal legislation, and those savings are, in many cases, passed on directly to the customer. Delmarva Power will aid customers in receiving rebates, applying incentives, and participating in energy programs.
Involved in the Community
With a pushed commitment to the community, Delmarva Power seeks to partner with the community in reliability improvements, environmental protection, tree maintenance programs, technology upgrades, and promoting the growth of renewable energy in Maryland.
As a part of their community involvement, customers are able to participate in events as well as receive the fruits of their labor with gratis tree maintenance and community investment.
As a deregulated energy supplier, Delmarva Power often deals with third-party energy sources, especially when customers choose their own providers. When client enter into agreements with third-party energy companies, it is important to read the fine print. And even though a customer will still be represented by Delmarva Power, they must still adhere to the energy agreement signed with the third party.
Common oversights in these contracts are initial deposits, the length of the agreement, fixed versus variable-rates, among others. In some cases, customers can receive great introductory rates, with price spikes midway through the agreement. Delmarva Power urges customers to ask before their sign in order to avoid being trapped in an agreement with a third-party that they may not want to endure.
The Bottom Line
Delmarva Power is very much the status quo of deregulated energy suppliers in Maryland. They offer competitive rates and allow customers to customize their energy plans with the option to choose their own supplier, or as with most customers Delmarva Power will simply purchase the power for them at a normalized price and volume.
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