Delaware Municipal Electric Corporation

What Delaware Municipal Electric Corporation does

Delaware Municipal Electric Corporation (DEMEC) is a not-for-profit Joint Action Agency constituted by the Delaware General Assembly in 1978 and incorporated in 1979, headquartered in Smyrna, Delaware. It serves as the wholesale power supplier and PJM Load Serving Entity for all nine municipal electric distribution utilities in Delaware, delivering 100% of wholesale power supply requirements to eight full-requirements members and serving as associate member to the City of Dover. Across its membership, DEMEC serves a combined population of 145,778 with a 472.9 MW combined peak load and approximately 2.1 million MWh of annual electricity consumption.

DEMEC's core business is aggregating demand across its member municipalities to achieve economies of scale in power procurement, generation investment, and regulatory representation. Its owned and contracted generation portfolio includes a 115 MW ownership share in the 700 MW AMP Fremont Energy Center (natural gas combined cycle, Ohio), the nearly 100 MW Warren F. Beasley Power Plant (natural gas peaking, Smyrna, DE, commissioned in two phases in 2002 and 2012), over 28.7 MW of distributed solar across member communities, and 71 MW of wind generation via a 25-year Laurel Hill Wind Farm agreement and a University of Delaware partnership. Over 93% of delivered power meets low-to-no emissions criteria. The company is supported by long-standing investment-grade credit ratings (S&P 'A', Moody's 'A1', maintained 20+ years) that enable cost-effective financing of generation assets.

DEMEC generates revenue through wholesale electricity supply pass-throughs and ancillary consulting, training, demand response, energy efficiency, and economic development services for members. It has invested over $100 million in zero-emissions generation, distributed $14.7 million back to members in 2024, and generated $37.7 million in lifetime customer savings through its Efficiency Smart program. Operations are supported by a small staff of 1-10 employees. The organization is governed by an eight-member board with one director per full-requirements member, and is currently led by President & CEO Kimberly Schlichting.

Name

Delaware Municipal Electric Corporation

Legal name

Delaware Municipal Electric Corporation, Inc.

Website

https://demecinc.net

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

1–10 employees

Short description

Delaware Municipal Electric Corporation (DEMEC) is a not-for-profit Joint Action Agency that supplies 100% of wholesale power to nine municipal electric utilities across Delaware, serving 145,778 residents and 472.9 MW of peak load through owned and contracted generation assets.

Ownership category

akta.pro rank

Product category

Wholesale Electric Power Supply

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911)

akta.pro primary industry

Retail Electric Providers / Competitive Distribution Utilities (where applicable) (EUADABAE)

Keywords

• Wholesale power supply
• Joint action agency
• Municipal electric utilities
• Power generation assets
• Energy efficiency programs

Headquarters

HQ city

Smyrna

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Personnel

Revenue model

1. Wholesale Electric Power Supply: DEMEC provides 100% of wholesale power supply requirements for its eight full-requirements municipal member utilities. As a not-for-profit Joint Action Agency, revenues are used to cover operating costs and fund capital improvements, with any excess returned to members. Power supply is met through a portfolio of owned generation assets, bilateral contracts with third-party suppliers, and PJM Interconnection market participation.
2. Consulting and Technical Services: DEMEC provides legal and technical consulting services to member municipalities, including representation in federal and regional regulatory arenas, training programs, project development, key account programs, economic development support, capital finance assistance, and technical information sharing.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Delaware Municipal Electric Corporation (DEMEC) operates as a Joint Action Agency and wholesale electric utility providing 100% of the wholesale power supply requirements to eight full-requirements municipal member utilities in Delaware. As the PJM Load Serving Entity for its members, DEMEC supplies power through a diversified portfolio of owned generation assets (natural gas, solar, and wind), bilateral contracts with third-party suppliers, and participation in PJM Interconnection regional markets.

Product overview

Delaware Municipal Electric Corporation (DEMEC) operates as a wholesale electric utility and Joint Action Agency providing comprehensive power supply services to Delaware's municipal electric utilities. The core offering is 100% wholesale power supply as PJM Load Serving Entity for eight full-requirements members, backed by a diversified generation portfolio including natural gas (AMP Fremont Energy Center 115 MW ownership, Warren F. Beasley Power Plant 100 MW), solar (28.7+ MW across member communities), and wind (71 MW). Supporting products include Efficiency Smart energy efficiency program, Power Savers demand response program, Corporate Renewable Energy Block Program for commercial customers, Municipal Green Energy Grant Program, and Lineworker Training services. Together these services deliver over 93% low-to-no-emissions power to 145,000+ residents.

Differentiator

Problem solved

Functional benefit

Brands

• Efficiency Smart: Energy efficiency program that helps DEMEC member communities' residential and business customers use less energy and save money through technical assistance and financial incentives
• Power Savers Program
• Corporate Renewable Energy Block Program
• Municipal Green Energy Grant Program

Products and services

• Power Supply Services

Quantifiable outcome

• 93.8% low-to-no emissions power supply mix in 2024
• +4 more outcomes

Named customers9 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Power Savers Program ParticipantsminorOthers · 1 January 2018Voluntary demand response program launched in 2018. Business customers receive incentives for reducing energy consumption during peak usage times. Since inception, Power Savers business customers have received $5.4 million in incentives.
• Blue Water WindminorStrategic or Co-development PartnerDEMEC was the first to sign an agreement with Blue Water Wind to purchase offshore wind energy. While offshore wind near Delaware has not been developed yet, DEMEC remains committed to support future initiatives and currently sits on Governor Carney's Offshore Wind Working Group.
• American Municipal Power (AMP)coreStrategic or Co-development PartnerDEMEC participates in the AMP Fremont Energy Center (AFEC), a 700 MW natural gas combined cycle facility in Fremont, Ohio. DEMEC members own 115 MW of generation from this facility, providing intermediate power during highest demand hours. DEMEC is listed as an AMP member and also references AMP partners in member resources.
• University of DelawarecoreStrategic or Co-development PartnerPartnership for the 2 MW wind turbine at UD's Hugh R. Sharp Campus in Lewes - the only significant wind generation in Delaware. DEMEC purchases 100% of renewable energy credits (RECs) generated. Proceeds support the UD-DEMEC Graduate Fellowship for Wind Energy Research in the College of Earth, Ocean, and Environment.
• Laurel Hill Wind FarmcoreStrategic or Co-development Partner69 MW wind generation facility in north-central Pennsylvania with 30 Siemens turbines. DEMEC committed to purchase all energy and associated credits under a 25-year agreement. Capable of generating enough electricity to power more than 20,000 homes.
• PJM Interconnection, LLCcoreTechnology or IntegrationRegional transmission organization managing the electricity grid across 13 states and DC. DEMEC is the PJM Load Serving Entity (LSE) for its member utilities and participates in PJM regional markets for energy portfolio optimization.
• American Public Power Association (APPA)coreGTM or Marketing PartnerNational organization representing public power utilities. Most municipal electric utilities and Joint Action Agencies are nationally represented by APPA. DEMEC staff participate in APPA executive committee, and DEMEC communities earn APPA's RP3 designations.

Scale indicators16 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Nebraska Public Power District: Nebraska Public Power District is a larger public power entity that owns and operates generation, transmission, and retail distribution across Nebraska. While it spans the full utility value chain (unlike DEMEC's wholesale-only focus), it represents a comparable model of public-sector power supply with diversified generation including wind and natural gas.

Direct peers

• MEAG Power (Municipal Electric Authority of Georgia): MEAG Power is a Joint Action Agency serving Georgia municipal electric utilities with generation ownership and wholesale power supply services. The structure, member-owned cooperative model, and reliance on diversified generation portfolios closely parallel DEMEC's wholesale operations.
• Florida Municipal Power Agency (FMPA): FMPA is a Joint Action Agency that provides wholesale power supply to municipal electric utilities in Florida, mirroring DEMEC's structure and service model. Both organizations aggregate member demand to achieve scale in generation procurement and PJM-equivalent market participation.
• WPPI Energy: WPPI Energy is a Joint Action Agency serving municipal electric utilities across Wisconsin, Iowa, and Minnesota. Its wholesale power supply, generation ownership, and member services structure closely mirrors DEMEC's operating model for public power aggregation.
• American Municipal Power (AMP): AMP is the most direct peer - a Joint Action Agency serving municipal electric utilities across multiple states. DEMEC already co-owns the AMP Fremont Energy Center (115 MW ownership stake) with AMP, and both organizations aggregate member demand to invest in generation assets and access PJM/MISO markets at scale.
• North Carolina Municipal Power Agency (NCMPA1): NCMPA1 is a Joint Action Agency providing wholesale power supply to North Carolina's municipal electric utilities. It directly parallels DEMEC's role as wholesale supplier, generation project participant, and shared services provider for member municipal distribution utilities.

Others

• PJM Interconnection: PJM is the regional transmission organization that manages the wholesale electricity grid across 13 states including Delaware. DEMEC operates as a PJM Load Serving Entity for its members, making PJM a critical infrastructure and market access partner rather than a competitor.
• American Public Power Association (APPA): APPA is the national trade association representing public power utilities including Joint Action Agencies like DEMEC. While not a competitor, it is a key ecosystem partner whose executive committee includes DEMEC leadership and whose RP3 designations recognize DEMEC member utilities.

Emerging players

• Southern Maryland Electric Cooperative (SMECO): SMECO is a member-owned electric distribution cooperative serving southern Maryland, with comparable scale (~160,000 customers) and a focus on renewable integration. While it operates as a retail cooperative rather than wholesale supplier, its member-owned structure, renewable portfolio development, and PJM market participation make it a comparable mid-Atlantic public power model.

Regional players

• Delaware Electric Cooperative: Delaware Electric Cooperative is a member-owned electric distribution cooperative serving rural and suburban areas of Delaware. While structured as a retail cooperative rather than a wholesale JAA like DEMEC, it operates in the same geographic market and serves overlapping end-customers via member-owned distribution infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/DEMECINC
• LinkedInlinkedin.com/company/demecinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Delaware Municipal Electric Corporation