When the BG&E's rates go up, they will be charging $0.1156 per kiloWatt-hour (BG&E is currently charging $0.04053 per kiloWatt-hour)
Maryland Senate Bill 459 does not cut the new rate. It simply defferred it, while charging everyone a financial fee of over $2.00 a month (for the average consumer). The defferral gives the consumer 10 years to pay back the difference.
Here are the rates of other electric company that you can switch to:
- Commerce Energy, Inc.
600 Anton Boulevard
Suite 2000
Costa Mesa, CA 92626
Phone: 1-800-ELECTRIC; Sales
TollFree: 1-877-226-7439; Customer Service
Email: contactus@commerceenergy.com
Website: www.commerceenergy.com
variable (currently) $0.1010
fixed for 12 months $0.1040 - OHMS Energy Company, LLC
7001 Golden Ring Road
Baltimore, MD 21237
Phone: 410-230-1833 (x106); Sheirmiar White
TollFree: 800-861-3914 (x101); Residential Aggregation
Email: support@ohmsenergy.net
Website: www.ohmsenergy.com
fixed for six months $0.1026 - Pepco Energy Services, Inc., also d.b.a. Conectiv Energy Services
1300 North 17th Street
Suite 1600
Arlington, VA 22209
Phone: 703-253-1800
Website: www.pepcoenergy.com
current rate: $0.1030 - Washington Gas Energy Services, Inc.
One Texas Station
Suite 230
Timonium, MD 21093
Phone: 410-628-9437
TollFree: 888-884-9437
Website: www.wges.com
current rate: $0.1040 - Energy Services Management, LLC d/b/a Maryland Energy Consortium
7111 Park Heights Ave Unit 902
Baltimore, MD 21215
Phone: 410-585-1213
Email: elecdereg@comcast.net
Website: www.saveonmdenergy.com
They didn't post their rates but promised a 10% savings.
Please remember that your electricity cost is composed of two parts: the first is for the energy and the second is for the cost of distribution (maintaining the electical lines to your house) and taxes. The rate hike only effect the first part.
For instance, last month, I used 1189 kiloWatt-hours of electricity.
The first part of my bill is 1189 kWh x $0.04053000 = $48.19
The second part of my bill is (1189 kWh x $0.02634000) + $10.91 (for taxes, etc.) = $42.23
Total = $90.42
If the new rate had taken effect, it would have been:
The first part of my bill is 1189 kWh x $0.1156 = $137.45
The second part of my bill is (1189 kWh x $0.02634000) + $10.91 (for taxes, etc.) = $42.23
Total = $179.68
If I had switched to PEPCo, it would have been:
The first part of my bill is 1189 kWh x $0.1030 = $122.467
The second part of my bill is (1189 kWh x $0.02634000) + $10.91 (for taxes, etc.) = $42.23
Total = $164.70
A difference of $15 for that month, not to mention the $2.00 a month financial fee (I don't know if we'd have to pay the fee even if we switch energy provider.).