When a winter storm hits, the snow melts, but the costs can linger for months.
On this episode of SMECO Connects, hosts Sonja Cox and Tom Dennison break down the real impact of Winter Storm Fern and the prolonged cold that followed. While SMECO's electric system held strong thanks to years of reliability upgrades, record cold drove power market prices to levels not seen since the 2014 polar vortex, resulting in a $92 million PJM invoice in January alone.
Sonja explains how natural gas prices, regional grid requirements from PJM Interconnection, and uplift charges all contributed to higher costs, and how SMECO's power supply strategy helped soften the blow for members. Tom shares how the extended freeze affected homes across Southern Maryland and what members can expect to see on upcoming bills.
In this episode, you will learn
- Why prolonged cold impacts both usage and power prices
- How SMECO manages its power supply portfolio to reduce risk
- What the Power Cost Adjustment means for your bill
- Tools like Account Manager and budget billing plans that can help
As a customer owned cooperative, SMECO remains committed to transparency, reliability, and supporting the communities of Southern Maryland. If you are concerned about your bill, reach out. The team is here to help.
Warmer days are ahead, but staying informed today helps you prepare for tomorrow.
Follow & Connect: Host: Sonja Cox Co-Host: Tom Dennison
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