The announcement comes roughly four months after Stream Energy entered the Pennsylvania electric market.
Stream Energy will begin accepting residential customers requests by late March for service in both the Pepco service area in central Maryland and the BGE service territory in the Baltimore market and surrounding 10 counties.
We believe Maryland residents will appreciate our competitive rates and our business model of direct sales to customers, said Stream Energy Chairman Rob Snyder.
Our wholly-owned marketing arm, Ignite, provides one-to-one education for consumers and has helped hundreds of thousands of Texans, Pennsylvanians and Georgians find answers to their questions about deregulation from the people they know and trust.
We also hope that many Marylanders will see an opportunity for their families to earn income with a retailer that has a proven income-generation model, Rob Snyder added. The full-service network marketing approach utilized by the Ignite sales organization uses a person-to-person marketing methodology that has helped the firms army of thousands of independent associates earn residual income off the sale of deregulated power.
Dallas-based Stream Energy is the longest-tenured direct seller of energy in America. Moreover, Stream Energys business model, evoked by the catch phrase Its OK to switch. Really, has helped promote the successful deregulation of retail energy within Texas, Pennsylvania and Georgia.
Stream Energy and Ignite now claim annual revenues exceeding $900 million, marketing electricity in Texas, electricity in Pennsylvania and natural gas in Georgia. Stream Energy has won several Awards of Excellence from the prestigious Platts Global Energy Awards, while Ignite is consistently ranked among the top Direct Selling Companies in the World.
This announcement concerning Stream Energys expansion into Maryland occurred at the annual Ignition convention put on by Ignite in Dallas, where thousands of Ignite independent associates reacted with thunderous enthusiasm.