Maryland Electric Rate Update
Maryland electric customers, both residential and business, are finding lower electric rates when they shop in the competitive market. Customers who are served by Baltimore Gas and Electric (BGE) and PEPCO are finding the greatest savings.
The exact rate and savings that you can find depend on your individual rate class by your utility and historic usage patterns, but most electricity customers in Maryland can save between 10-20%. As an example, current the current price to compare (default rate) for a BGE class G type 1 business customer is $0.1089 per kwh. We have found a 24 month fixed offer for such a customer at a rate of $0.092 per kwh, a 15 percent savings.
Most Maryland Utility companies, like BGE and PEPCO, offer consolidated billing options which means that customers will still receive their monthly electric bill from their same utility company if they choose to lock in a low fixed rate with a competitive electric supplier.
Joel Freeman Said,
August 3, 2010 @ 7:09 pm
Which company provides electricity for this rate ($0.092)? — We have found a 24 month fixed offer for such a customer at a rate of $0.092 per kwh, a 15 percent savings.
ElectrictyWatch Team Said,
August 4, 2010 @ 12:13 pm
Rate constantly change for commercial customers and are dependent on the size of your business. However, if your bill is at least $1,500 a month, the $0.092 rate is available from several providers right now for most areas in Maryland.
Email us at news@electricitywatch.org with your contact information (email or phone number) and we will send you a couple offers with that rate and lower. Title the email “Maryland Rates”, and tell us your utility company (BGE, PEPCO, Allegeny) and your rate class if you know it.