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SmartEnergy Files To Surrender Retail Electric Supplier License Due To Passing Of SB1
SmartEnergy requests to surrender its license effective immediately.
From Letter Request:
[ *** ] Since entering the Maryland market in 2017, SmartEnergy has dedicated itself to offering 100% renewable energy to tens of thousands of satisfied Maryland residents. Our efforts have aligned with the state’s renewable energy objectives, providing a 100% renewable option for the community that chose SmartEnergy for its electricity needs.
Regrettably, the enactment of Senate Bill 1, pending its anticipated approval by the Governor, introduces regulations that fundamentally alter the viability of our firm operating in Maryland. These new rules make it unsustainable for SmartEnergy to market renewable energy products within the state. After extensive evaluation, it has become clear that withdrawing from the Maryland market is the most prudent decision for our company. [ *** ]
ML# 308835 (04/08/2024)
