BGE changes published prices -- again
I don't know what's going on because BGE hasn't responded to my query. But today they have changed their published, kilowatt-hour prices for the post-June 1 period again. This at least the third change. It's not substantial, but it makes the prices published in today's newspaper slightly incorrect.
Here are the latest prices for BGE's default product, which is what you get unless you choose to buy electricity from Washington Gas Energy, Dominion Retail or somebody else. (ADD 2.37 cents per hour to all these amounts for BGE's distribution charge to get your total electric bill, not counting taxes, customer charge etc.) These prices will change again a year from now:
Average annual generation and transmission price: (price to compare): 10.77 cents per kwh
Summer generation and transmission price (June-September 2007): 11.307 cents/kwh
Non-summer generation and transmission price (October 2007-May 2008): 10.451 cents/kwh
For comparison, here are a few competing prices from alternative electricity providers. Note they are all higher than the standard BGE price. So there is little reason to switch unless you fear BGE's prices will go even higher a year from now and want to lock in on a two- or three-year deal. (ADD 2.37 cents per hour to all these amounts for BGE's distribution charge to get your total electric bill, not counting taxes, customer charge etc.):
Washington Gas Energy Services was offering 11.3 cents for two or three years yesterday but took it down today. My guess is they'll increase.
Commerce Energy: 12.9 cents for two years.
Pepco Energy Services: 13.59 cents, 100-percent wind energy for eight months
Comments
Are the NGE time-of-use rates (RL-1 and RL-2) available yet?
For those of us on time-of-use, (i.e., most of those who started service in the last 15 years or so) the price to compare is worse than useless, it borders on fraudulent.
Between the PSC and BGE web sites, you can't find the rates. Too bad that if you wanted to make an informed decision before the 1 June deadline, the data wasn't out there...
Posted by: Ben | June 1, 2007 6:06 PM
BG&E lists the residental rates as 11.406 cents/kWh summer (10.049 non-summer)http://www.bge.com/portal/site/bge/menuitem.ce4160ba3b66a30159c031e0da6176a0/. A 50 percent increase brings this to 17.1 cents/kWh. Why shouldn't we be using this value as our expected charge this summer?
Posted by: Duane Parker | June 2, 2007 2:20 PM
This is an old post but pops up high on a search on BGE's rates. For the reference of future readers, actually, BGE's published competitive rates are often flat wrong. Many of BGE's competitors offer one-year introductory rates that are significantly better than BGE's rates. These rates hike dramatically after a year, though. Currently, BGE's weighted yearly rate is $.09313. I just signed with Gateway for $0.0856 for the next 12 months, plus I get a $75 Visa cash card. Now, if I get lazy and don't change my service after a year, it will hike up again. BUT if I keep changing providers every year, I can stay substantially below BGE's rates.
Posted by: Nadia | July 17, 2011 1:21 AM