Just a few years ago, Ohio was at a crossroads. The state had a choice: Embrace clean energy or continue coddling the fossil fuel market with bailouts for coal and nuclear plants. The state’s legislature was not nearly ready to go all in with wind and solar, which are retail energy provider services that we’re familiar with today. Instead, the Ohio legislature was passing bills that made it extraordinarily difficult to set up wind farms, while solar was still struggling to grow.
Then, in a watershed moment, the governor passed a bill that would allow clean energy to be generated and redistributed at a discount by Stream Energy and other retail energy providers. From that point forward, Ohio was moving forward in the space. Even in 2019, however, Ohio is still struggling to deliver green energy at the same rate as the rest of the country, with a recent report stating that Ohio can’t truly go green until the state government stops revisiting green energy standards.
Nonetheless, Stream Energy is moving forward in Ohio in a big way, offering reduced rates and bringing discounted energy to the Ohio masses.
Stream Energy Enters Ohio
On April 11, 2018, Stream Energy, a retail electricity provider, posted a message on its blog with the following headline:
“Buckle Up: We’re Heading to Ohio!”
For Stream Energy customers who enjoyed deep discounts on energy in Texas, Georgia, Pennsylvania, and other states, this news could not have come at a better time. As Ohio’s legislature was making moves to prove that the state was moving towards clean energy, Stream Energy made a commitment to lower the prices of energy for citizens in certain regions.
Here’s what the then CEO of Stream, Larry Mondry, said at the time:
“I’m thrilled to be expanding our energy business into a large state like Ohio. As we move deeper into the Midwest, we’re seeing unbelievable opportunity to introduce more customers… not just [to] our services but [also] who we are as a company. And after this expansion, more great things are on the horizon for Stream. This is going to be a fantastic year.”
All of the benefits for the retail energy provider were there. Ohio has a population of almost 12 million people and a total of more than 4.1 meters from other energy providers. The state itself is the home of energy as we know it because it’sthe birthplace of Thomas Edison.
Ohio was the ninth state for Stream Energy, following moves into Delaware and Illinois in 2017. The company has also expanded into Washington, D.C., Maryland, New York, and other major states and regions.
Stream Energy started with six energy territories within Ohio, including Dayton and Toledo, targeting people who were forced to buy energy from providers known for high prices and less-than-stellar service. Stream Energy customers within those territories were given a choice of packages, all designed to give deep discounts to those who went with the new retail energy provider. But Stream Energy did something even better than providing monthly discounts on electricity and gas; it offered plans that locked in a low rate for energy over the course of one or two years.
The new packages are just the beginning for Stream Energy, which offers discounted green energy by way of wind and solar services in other states. The state of Ohio is routinely seen by activists as behind the green energy curve, perhaps hampering Stream’s goal of offering green energy to customers.
In late 2018, the second Powering Ohio report was released, and its message was clear. If Ohio does not work to expand its clean energy footprint, the state could miss out on around $25 billion in investments and pass up the opportunity to add least 20,000 new jobs.
The Ohio Stream Energy expansion follows several years of innovative work in other states that earned the retail energy provider many accolades.
In 2017, Stream Energy was named one of the most trusted retail electric providers (REP) in the state of Texas by Market Strategies International. Stream, which gains many customers by word of mouth –especially in Texas –landed in the top 10 on a list of more than 50 retail energy providers in the state.
Market Strategies International interviewed 5,881 customers, asking them to score 52 REPs based on numerous factors, from their reliability and rates to their enhanced offerings and community support. One aspect that helped Stream Energy score well in the survey was the significant help that it provided to the community after Hurricane Harvey, from donating thousands of dollars to the Red Cross to waiving long-distance calling fees for families.
Stream Energy has also made significant strides with charity work, further bolstering the retail energy provider’s reputation in the eyes of its customers. The company partnered with Hope Supply Co. to launch a philanthropic arm called Stream Cares to pay for homeless children to visit water parks each year. The company also works to enhance the daily lives of homeless children.
“It is so rewarding to see the smiles on the children’s faces as they explore Hawaiian Falls for what might be their first time at a water park. The day is filled with fun for everyone, and it wouldn’t be possible without generous sponsors like Stream,” said Brenda Cannon, Vice President of Mission for Hope Supply Co., about the partnership.
As the company expands its philanthropy, look for Stream Energy to offer popular products for Ohio residents over the next years, with possible clean energy offerings on the menu soon. As Ohio expands its footprint by building wind and solar farms, expect Stream Energy to find innovative ways to bring green energy to state residents.