The District of Columbia opened for competition in July 2001, with all customer classes becoming eligible for retail electric choice. However, customers representing large amounts of the electric load did not consistently begin to switch to competitive suppliers until the caps on the utility's Standard Offer Service (SOS) rates expired in early 2005. As customers began to seek alternative suppliers, Liberty Power entered the market in mid 2006 with significantly lower prices and outstanding customer service.
At this time we currently serve small and mid-size businesses, large national accounts and government and institutional customers in the PEPCO service territory.
55% of D.C.'s electric consumption was taking competitive supply in the fourth quarter of 2006, up from 42% at the end of 2005. Most all of the D.C. market activity is in the nonresidential sector where two thirds of electric consumption has switched to Liberty Power and other competitive suppliers.
We have introduced a variety of innovative fixed price products at various term lengths that guarantee both lower prices and price protection over time. As a result, we're proud to report that thousands of your fellow Maryland and District of Columbia business owners and managers as well as numerous National Accounts and government agencies have chosen Liberty Power as their retail electricity supplier.
