Taneytown Chamber FAQ's

How much will I save? The amount your organization will save is dependent on the amount of electric you use, so the amount saved will vary from organization to organization. Each business’s electrical usage varies. You must weigh the costs against your potential gains. For example: If your current yearly usage is $1,000 and the Coop is able to obtain rates equal to your current bill instead of an increase of 25% or $250 for every 3 years (provided they are able to get a three year contract) then your savings might be $250 x 3 or $750 over the 3 year contract. Less the costs of joining the Coop $250 plus membership of the Chamber for three years roughly $140 or less minimum (It depends on type of membership). Your savings might be $360 or more over 3 years. If your power usage is much higher, your savings will be larger as well. The decision to join the Coop is yours and should be made after considering your energy usage and potential saving. Must I have Allegheny Power as my current supplier to participate? No. BG&E customers may also take advantage of the Electric Coop. What happens to my $250 if I do not sign a contract with a supplier when one is available to me? You will not receive your $250.00 back. It is not refundable nor is the membership dues to the chamber refundable. The $250.00 offsets the costs involved to create the Coop and negotiating pricing. What if I was part of the 2005 Allegheny Power Coop and never went to contract? You will be automatically included in the bidding process for 2006. No additional fees are required. You will need to fulfill the bidding process and contract signing. Contact the Carroll County Chamber of Commerce (410) 848-9050 for more information. They will be your point of contact. What is the History of past costs? In the past, before price freezes were imposed, electrical rates typically rose on the average of 6-8% per year. Allegheny Power has been frozen since 2000. Using that as a guide, rates may rise 36-48% or more. Default rates will be released March 15, 2006. Where can I get an application? You may download it from the website’s Electric Co-op page. Payment in full must accompany the application. See http://www.taneytownchamber.org/electric_coop/ for more information.