Clean Currents Utility Ceases Operations after extreme weather sends “wholesale electricity market into unchartered territories”


Thanks to a reader for passing on the news:

“Dear Customers:

We are writing to inform you, with deep regret, that the recent extreme weather, which sent the wholesale electricity market into unchartered territories, has fatally compromised our ability to continue to serve customers.

We are extremely saddened to share this news with you.

What does this mean for you?

All Clean Currents’ customers will be returned to their utility service, effective immediately. You should see this change in service on your next bill, or the bill after that, dependent on your meter read cycle. If you so choose, you are able to switch to another third party electricity supplier, effective immediately. Clean Currents waives any advanced notice requirement or early termination fee provisions in our contracts.

Please contact your utility if you have any questions about your change in service:

PEPCO (DC & MD): 202-833-7500
BGE: 800-685-0123
PECO: 800-494-4000
PPL: 1-800-342-5775

We are deeply grateful that you chose to be a Clean Currents customer. It has been a pleasure to serve you. We hope you will still choose renewable energy for your home or business.


Gary Skulnik & Charles Segerman
Clean Currents Co-Founders”

8 Comment

  • diploj

    Here’s a WaPo article on the closing. I still find it confusing:

    Are these the same folks who were advertising a $35 Hank’s Oyster Bar gift card to switch to their service?

  • brookland_rez

    Sounds like their business model was flawed. I know it’s been a cold couple of weeks but if you’re running a business you have to plan for the worst.

  • does anyone know if there are any other green options for service in dc?

  • Like most energy journalism, the Post article gets most of the facts wrong. The price of renewable electricity is immune to fuel price fluctuations because the fuel is free. Wildly fluctuating wholesale electricity prices set by fossil fuels are what drove Clean Currents under, as apparently the company didn’t have enough long-term energy under contract to meet its needs and had to resort to the spot market. It sounds like Clean Currents was buying renewable energy credits and combining them with purchases of generic wholesale (fossil) electricity, so it was the fossil fuel price fluctuations that killed them. While wind and solar provide fixed-price contracts for 20+ years because they have no fuel cost, the spot price of wholesale electricity was 10-50 times normal during the two cold spells in January because of skyrocketing natural gas prices. If Clean Currents had long-term contracts for all of their electricity needs, especially from renewable resources, this wouldn’t have happened. There are other suppliers, including NextEra Energy, who apparently were not as dependent on the spot market and are still selling green electricity.

    • brookland_rez

      Thanks for the clarification. If they were so dependent on fossil fuel based energy so as to go under during an extraordinary period, it doesn’t sound like they were all that green to begin with.

  • the end of global warming

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