Baltimore Gas and Electric Company (BGE), a leading utility in Maryland, has increased its supply rate. Customers can expect an additional $6.00 per month to appear on their utility bill for electricity.
According to Debbie Larsson, a BGE spokesperson, the increase was necessary because the price of the energy supply the company purchased increased. The price increase began effects on June 1, 2013. Larsson also noted that Maryland electricity consumers have experienced three consecutive years of price decreases. The average customer will still pay a lower rate for electricity in comparison to 2009, she said.
In December, BGE is requesting approval from the Maryland Public Service Commission for a distribution rate increase. The increase would add an additional $4.41 per month to electricity bills and $2.50 per month to gas bills for residential and small business customers.
The rate increase is said to pay for improvements to BGE’s electric and natural gas systems. The enhancements will improve BGE’s customer service and will remain in compliance with the state federal regulations, Larsson said. Still, BGE may ask for more of a rate increase to pay for other infrastructure improvements.
“We certainly will be going in for rate increases when we feel it is prudent and necessary to do so,” said Larsson.
Larsson also noted that customers could save money if they switch to purchasing their power through other companies aside from BGE, which could offer lower rates.
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