BGE seeks rate hike

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    BGE seeks rate hike

    Back in May, regional utility Baltimore Gas and Electricfiledan applicationwith the Maryland Public Service Commission to bump up its rates and bring in an additional $133 million. Those electricity rate increase will start effecting Maryland residents beginning October 1st.

    Under the new plan, BGE electricity supply rates will increase from 6.558 cents/kWh to 7.146 cents/kWh. This would add roughly $6 to the average Maryland resident’s supply charge each month.

    BGE rate increase 2019
    Source: BGE

    BGE claims the proposed increase are to offset $1.8 million in service upgrades.

    "The proposed increase balances our efforts to deliver world-class service, innovative energy efficiency programs, and maintain our costs at or below the mid-Atlantic regional average,” CEO Calvin Butler said in a statement.

    BGE, a subsidiary of Chicago-based Exelon Corp. (NYS: EXC), last requested an electric rate hike in 2015. The last gas rate increase wasproposed last yearandwent into effect in January. The average residential gas bill rose $5.40.

    The good news for Maryland residents is that Maryland deregulated their electricity supply market in 1999. This means that Maryland residents and businesses are able to shop their electricity supply rate with competitive offers from retail providers.

    Shopping rates is simple. Just enter your ZIP Code, find the plan that is best for you, fill out a few pieces of information, and you’re done in just a few minutes. Here are some of the most popular plans that BGE customers have switched to.

    Maryland

    Price to Compare 11.85¢

    The electricity utility's price for electricity supply expressed as a price per kWh, to be used to contrast prices with competitive suppliers.

    Best Electricity Rates
    ProviderPlan NameLengthRate Per kWhSign Up
    Tomorrow Energy
    12 Month Fixed
    12 Mo.10.19¢
    Save 14%
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    Constellation
    6 Month Home Power Plan
    6 Mo.10.19¢
    Save 14%
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    Constellation
    12 Month Home Power Plan
    12 Mo.10.29¢
    Save 14%
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    Direct Energy
    Live Brighter™ 18
    18 Mo.10.59¢
    Save 11%
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    Direct Energy
    Live Brighter™ 12
    12 Mo.10.59¢
    Save 11%
    Select
    PlanRate Per kWh
    Tomorrow Energy
    12 Month Fixed

    12 Months
    10.19¢
    Select
    Constellation
    6 Month Home Power Plan

    6 Months
    10.19¢
    Select
    Constellation
    12 Month Home Power Plan

    12 Months
    10.29¢
    Select
    Direct Energy
    Live Brighter™ 18

    18 Months
    10.59¢
    Select
    Direct Energy
    Live Brighter™ 12

    12 Months
    10.59¢
    Select
    • 100% Renewable Sources
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    There is still time to lock in a great rate before the BGE rate increase so start shopping today by entering your ZIP Code here.