We are able to predict our costs and can immediately see the results and benefits of our conservation tactics.
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Washington, DC (PRWEB) October 18, 2010
The COMPETE Coalition has surpassed the 500-member milestone, an accomplishment reflecting the broad and diverse support for competitive electricity markets in all regions of the country.
Founded in 2005, COMPETE acts to ensure federal and state policy makers recognize the real and tangible economic and environmental consumer benefits provided by restructured wholesale and retail energy markets. Members of the COMPETE Coalition are comprised of a diverse cross-section of electricity stakeholders, including customers, suppliers, generators, transmission owners, technology innovators, trade associations, environmental organizations and economic development corporations. In 2010 alone, the coalition's membership has increased by more than 20 percent.
"COMPETE's rapidly growing and diverse membership is evidence of the power of competition in our nation's electricity markets, popularity of choice among electric consumers, and the ability of these markets to meet America's electricity needs and environmental objectives," said Joel Malina, COMPETE's Executive Director.
Clean energy providers and innovative energy service companies are the fastest-growing sector of COMPETE's membership. These companies support competition because the unique characteristics of organized competitive electricity markets enable clean energy and innovative smart grid technologies to thrive.
COMPETE member Tendril Inc., a leading smart grid and energy management technology provider for consumers and utilities, offers a good example of why technology innovators support competitive markets. "We are focused on providing consumers with both insight and control of their energy use, which begins with transparent pricing, a hallmark of competitive markets," said Cameron Brooks, Tendril's senior director of market development and policy strategy. "Competition creates the kind of innovation we need to empower consumers to find the best solutions for energy management and other beyond-the-meter smart grid applications."
Nearly 140, or 27 percent, of all COMPETE Ccoalition members are businesses or commercial and industrial power customers empowered in these markets to shop for innovative energy management solutions or competitively priced electricity rates that lower their costs and preserve jobs.
Three of the most recent customer members are Owens Corning, Brookfield Properties and the Maryland Academy of Sciences at the Maryland Science Center. Owens Corning invented glass fiber and glass fiber insulation more than 50 years ago and its manufacturing facilities create materials that increase energy efficiency in the United States. Brookfield Properties is a commercial real estate corporation that owns, manages and develops properties across the country, including the World Financial Center in New York and Bank of America Plaza in Los Angeles. The company expects 75 percent of its U.S. properties will achieve ENERGY STAR certification by the end of 2010. The Maryland Academy of Sciences is one of the oldest scientific organizations in the United States, founded in 1797, and the Maryland Science Center is operated to provide "hands on" programs and exhibits in practical applications of scientific and engineering concepts.
"Having the ability to purchase power in an open market environment is critical to maintaining control of electricity costs for the Academy," said Van Reiner, Maryland Academy of Sciences president and CEO. "We are able to predict our costs and can immediately see the results and benefits of our conservation tactics."
Energy demand in the U.S. is rising along with the need to move to a low-carbon economy, and significant investment is needed to reach America's sustainable energy goals while maintaining reliable electricity supplies. Competition encourages the technological innovation required to meet clean energy goals while keeping consumer costs down and protecting ratepayers from the financial risk of poor investment decisions. Policy decisions must be made with a long-term focus, and COMPETE's membership represents the voice of the economic and environmental communities working together toward these goals.
The COMPETE coalition represents more than 500 electricity stakeholders, employing nearly seven million American workers, including customers, suppliers, generators, transmission owners, technology innovators, trade associations , environmental organizations and economic development corporations - all of whom support well-structured competitive electricity markets for the benefit of consumers. For more information, please visit http://www.competecoalition.com